The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)
Table 2 Welfare results for China and the TPP region under different trade integration scenarios (US $million).
Trade integration scenarios | China | TPP | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Developing countries | Developed countries | |||||||||||
Allocative efficiency | TOT | Endowment | Total | Allocative efficiency | TOT | Endowment | Total | Allocative efficiency | TOT | Endowment | Total | |
Liberalization as per tariff commitments of 2020 | ||||||||||||
With the USA | −1276 | −1760 | −581 | −3617 | 2682.6 | −2967 | 4075.7 | 3791 | 5901.6 | 9982 | 0 | 15,883.6 |
Without the USA | −602 | −1491 | −633 | −2726 | 1445 | 247.6 | 2900.7 | 4593 | 3415.5 | 7529 | 0 | 10,675.5 |
Liberalization as per tariff commitments of 2046 | ||||||||||||
With the USA | −197 | −478 | −484 | −1159 | 44.5 | −99.8 | 28.05 | −27.3 | −56.8 | 587.7 | 0 | 530.9 |
Without the USA | −188 | −465 | −468 | −1121 | 43.11 | −96.1 | 30.6 | −22.4 | −99.8 | 888.8 | 0 | 789 |
Input augmenting technical change (10%) in developing countries | ||||||||||||
With the USA | −1.17 | −2.02 | −1.37 | −4.56 | 4.98 | 1.2 | 7.5 | 13.7 | 0.97 | 7.5 | 0 | 8.5 |
Without the USA | −1.36 | −2.12 | −1.36 | −4.84 | 4.9 | −1.1 | 7.5 | 11.4 | 1.2 | 9.5 | 0 | 10.7 |
Reduction in trade cost (5%) in developing countries | ||||||||||||
With the USA | −15.3 | −34.9 | −28.1 | −78.3 | 53.9 | 193.3 | 139.5 | 386.6 | 12.2 | −32.1 | 0 | −19.96 |
Without the USA | −5.02 | −12.1 | −8.99 | −26.1 | 19.3 | 18.7 | 41.7 | 79.7 | 8.05 | 29.5 | 0 | 37.6 |