Agriculture Reference
In-Depth Information
Table A9.4
Smulated long-run effects of a unlateral lberalsaton of Chna's 2001 trade polcy regme
a
Change n:
Change
Domestic CPI,
P
C
,(per cent)
-1.67
Domestic GDP delator,
P
Y
(per cent)
-1.90
Price of capital goods,
P
K
(per cent)
-1.37
Terms of trade (per cent)
-1.25
Real effective exchange rate,
e
i
R
(per cent)
-1.98
Real exchange rate against USA,
e
ij
R
(per cent)
-1.81
Global interest rate,
r
w
(per cent)
0.10
Investment premium factor, (
1
+
π
)
(per cent)
0.00
Home interest rate,
r
(per cent)
0.10
Current return on installed capital,
r
(per cent)c
1.30
Real domestic investment,
I
(per cent)
0.95
Balance of trade,
X-M = - KA = -(I-S
D
)
(US$ bn)
-10.87
Real gross sectoral output (per cent)
Rice
-3.29
Beverages
2.77
Other crops
-1.25
Livestock
0.03
Food
-5.41
Fish
-0.17
Minerals
0.88
Energy
0.78
