The cost of the voluntary export restraint of Japanese automobile exports to the United States
<p>At the request of the United States Government, effective as of April 1, 1981, the Japanese began voluntarily restraining exports of automobiles to the United States to provide the U.S. automobiles industry with a period of time to make the necessary adjustment to become more competiti...
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ndltd-VTETD-oai-vtechworks.lib.vt.edu-10919-457762021-05-05T05:40:31Z The cost of the voluntary export restraint of Japanese automobile exports to the United States Lee, Jin W. Economics Meiselman, David I. Freiden, Alan N. Mackay, Robert J. LD5655.V855 1987.L433 Automobiles -- Prices Consumers -- United States Export controls -- Japan Foreign trade regulation -- Economic aspects -- United States <p>At the request of the United States Government, effective as of April 1, 1981, the Japanese began voluntarily restraining exports of automobiles to the United States to provide the U.S. automobiles industry with a period of time to make the necessary adjustment to become more competitive with imports.</p> <p> It is the purpose of this paper to examine the impact of the VER, particularly the costs to consumers and the benefits to U.S. producers, quota rents captured by the Japanese producer during 1981-84 will also be examined.</p> <p> Between 1981 and 1984 the Voluntary Export Restraint Agreement cost the U.S. economy $8.4 billion. In terms of increases in the cost of purchasing a car, the estimate ranges between $95 in 1981 to as high as $241 in 1984. E During the four years of the VER, the consumer costs : amounted to $8.9 billion. Meanwhile, the U.S. producers of automobile benefited only $403 million as a result of the VER. If this benefit is translated to the number of jobs saved, it amounts to 29,000 jobs. Therefore, the consumer cost of creating each new job was $334,000.</p> <p>As for the impact of VER on the Japanese producers, the result shows that the price effects of the VER has increased over the four years as the restrictive effect of the VER has intensified. During 1981, the VER added $733 to the price of each Japanese automobile, but by 1984, it was adding about $2,000.</p> Master of Arts 2014-03-14T21:49:53Z 2014-03-14T21:49:53Z 1987-05-05 2012-11-17 2012-11-17 2012-11-17 Thesis Text etd-11172012-040045 http://hdl.handle.net/10919/45776 http://scholar.lib.vt.edu/theses/available/etd-11172012-040045/ OCLC# 16945802 LD5655.V855_1987.L433.pdf iv, 36 leaves BTD application/pdf application/pdf Virginia Tech |
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LD5655.V855 1987.L433 Automobiles -- Prices Consumers -- United States Export controls -- Japan Foreign trade regulation -- Economic aspects -- United States |
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LD5655.V855 1987.L433 Automobiles -- Prices Consumers -- United States Export controls -- Japan Foreign trade regulation -- Economic aspects -- United States Lee, Jin W. The cost of the voluntary export restraint of Japanese automobile exports to the United States |
description |
<p>At the request of the United States Government,
effective as of April 1, 1981, the Japanese began
voluntarily restraining exports of automobiles to the
United States to provide the U.S. automobiles industry with
a period of time to make the necessary adjustment to become
more competitive with imports.</p>
<p>
It is the purpose of this paper to examine the impact
of the VER, particularly the costs to consumers and the
benefits to U.S. producers, quota rents captured by the
Japanese producer during 1981-84 will also be examined.</p>
<p>
Between 1981 and 1984 the Voluntary Export Restraint
Agreement cost the U.S. economy $8.4 billion. In terms of
increases in the cost of purchasing a car, the estimate
ranges between $95 in 1981 to as high as $241 in 1984. E
During the four years of the VER, the consumer costs : amounted to $8.9 billion. Meanwhile, the U.S. producers of
automobile benefited only $403 million as a result of the
VER. If this benefit is translated to the number of jobs
saved, it amounts to 29,000 jobs. Therefore, the consumer
cost of creating each new job was $334,000.</p>
<p>As for the impact of VER on the Japanese producers,
the result shows that the price effects of the VER has
increased over the four years as the restrictive effect of
the VER has intensified. During 1981, the VER added $733
to the price of each Japanese automobile, but by 1984, it
was adding about $2,000.</p> === Master of Arts |
author2 |
Economics |
author_facet |
Economics Lee, Jin W. |
author |
Lee, Jin W. |
author_sort |
Lee, Jin W. |
title |
The cost of the voluntary export restraint of Japanese automobile exports to the United States |
title_short |
The cost of the voluntary export restraint of Japanese automobile exports to the United States |
title_full |
The cost of the voluntary export restraint of Japanese automobile exports to the United States |
title_fullStr |
The cost of the voluntary export restraint of Japanese automobile exports to the United States |
title_full_unstemmed |
The cost of the voluntary export restraint of Japanese automobile exports to the United States |
title_sort |
cost of the voluntary export restraint of japanese automobile exports to the united states |
publisher |
Virginia Tech |
publishDate |
2014 |
url |
http://hdl.handle.net/10919/45776 http://scholar.lib.vt.edu/theses/available/etd-11172012-040045/ |
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