Agriculture Reference
In-Depth Information
Rice
-0.43
-0.57
-0.14
-0.41
Beverages
0.47
0.41
0.49
0.42
Other crops
-0.30
-0.45
0.02
-0.26
Livestock
-0.10
-0.32
0.49
0.02
Food
-0.63
-0.80
-0.37
-0.65
Fish
-0.01
-0.19
0.32
0.00
Minerals
-0.15
0.06
0.30
0.36
Energy
0.06
0.09
0.08
0.10
Light manufacturing
0.46
0.49
0.19
0.33
Heavy manufacturing
-0.05
0.11
0.14
0.24
Transport
0.23
0.19
0.56
0.39
Infrastructure services
-0.07
-0.11
0.32
0.12
Construction and dwellings
-1.48
-0.72
0.94
0.85
Other services
-0.05
-0.13
0.49
0.20
Real GDP,
Y
-0.09
-0.04
0.42
0.28
Unsklled wage and employment
Nominal (unskilled) wage,
W
-0.87
-0.97
-0.40
-0.68
Production real wage,
w=W/P
Y
1.31
1.33
0.64
0.92
Employment,
L
D
-0.28
-0.19
0.64
0.39
Unit factor rewards CPI delated
Land
-0.98
-2.17
1.65
-0.67
Unskilled Labour (those employed)
0.88
0.98
0.40
0.69
Skilled Labour
0.81
0.90
0.75
0.88
Physical capital
0.53
0.67
1.33
1.18
Natural Resources
0.99
1.08
2.77
2.19
Notes:
a
Fiscal policy 1 has government spending 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
Fiscal policy 2 holds government spending constant as a share of GDP but the rate of indirect tax is allowed to rise so that the iscal
deicit also remains constant as a share of GDP.
Source:
Model simulations described in the text.
