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Out-of-Print •
January 1995
• 76 pp. ISBN paper 0-88132-211-3
This is the companion volume to Gary Clyde Hufbauer and Kimberly Ann Elliott's Measuring the Costs of Protection in the United States (1994). It assesses Japanese trade barriers by identifying price differentials between imports and their (imperfect) domestic substitutes and then calculating the welfare effects of the implied trade barriers. The authors find that import barrier in place in 1989 cost Japanese consumers $105 billion, about 3.6 percent of GNP. If all such barriers were removed, Japanese imports could increase by $47 billion. The authors believe that the cost of import protection has increased in recent years. The book contains an overview chapter which describes parallels and differences in the US and Japanese structures of protection and compares the aggregate results.
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