Measuring the Costs of Protection in the United States

by Gary Clyde Hufbauer and Kimberly Ann Elliott

Book Overview

This comprehensive study finds that tariffs and quantitative import restrictions in place in 1990 cost American consumers about $70 billion, more than 1 percent of GDP. The net national welfare loss, after deducting tariff revenues and transfers to domestic producers, was $11 billion, of which perhaps 70 percent was captured by foreign producers as quota rents. Nearly half of the consumer costs are accounted for by 21 highly protected sectors, and...

• Format: Paperback
• Language: English
• ISBN: 0881321087
• ISBN13: 9780881321081
• Release Date: January 1994
• Publisher: Peterson Institute for International Economic
• Length: 136 Pages
• Weight: 0.55 lbs.
• Dimensions: 0.4" x 6.0" x 9.0"