Agriculture Reference
In-Depth Information
Rice
-0.43
-0.14
-0.16
-0.03
Beverages
0.47
0.49
0.70
0.61
Other crops
-0.30
0.02
0.02
0.15
Livestock
-0.10
0.49
0.25
0.61
Food
-0.63
-0.37
-0.37
-0.26
Fish
-0.01
0.32
0.24
0.41
Minerals
-0.15
0.30
0.31
0.48
Energy
0.06
0.08
0.20
0.15
Light manufacturing
0.46
0.19
1.03
0.51
Heavy manufacturing
-0.05
0.14
0.52
0.40
Transport
0.23
0.56
0.77
0.80
Infrastructure services
-0.07
0.32
0.38
0.51
Construction and dwellings
-1.48
0.94
-0.97
0.97
Other services
-0.05
0.49
0.44
0.69
Real GDP,
Y
-0.09
0.42
0.39
0.61
Unsklled wage and employment
Nominal (unskilled) wage,
W
-0.87
-0.40
0.00
0.00
Production real wage,
w=W/P
Y
1.31
0.64
0.53
0.31
Employment,
L
D
-0.28
0.64
0.59
1.00
Unit factor rewards CPI delated
Land
-0.98
1.65
0.75
2.29
Unskilled Labour (those employed)
0.88
0.40
0.00
0.00
Skilled Labour
0.81
0.75
0.33
0.51
Physical capital
0.53
1.33
1.04
1.51
Natural Resources
0.99
2.77
3.24
3.75
Notes:
a
All results in this table are based on the adoption of Fiscal policy 1: government spending is held constant as a share of GDP
and the revenue lost from tariff reform is not made up in other taxes, so the iscal deicit expands.
b
E
s the nomnal exchange rate n US$ per unt of local currency.
c
PC
s the domestc consumer prce level; the CPI. Note that ths s an ndex of the prces of both home and mported goods.
Source:
Model simulations described in the text.
