Journal of Economic Structures

The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 14 (Scenario A3:S1–S3) Observed change (%) in various macro-indicators due to 50% tariff reduction

From: Impact of trade liberalisation on formal–informal interlinkages in India: does sectoral labour mobility matter?

	Segmented labour market-2
	\(\sigma_{j}^{LD} = 0. 2\)	\(\sigma_{j}^{LD} = 1. 2\)	\(\sigma_{j}^{LD} = 2. 5\)
Govt. budget deficit/GDP*	26.76	23.61	22.67
GDP at basic price (real)	1.93	1.54	1.44
GDP at market Price (real)	1.20	0.88	0.80
GFCF/GDP*	− 12.48	− 7.61	− 6.23

Real GDP is calculated applying GDP deflator computed from SAM
* GDP at basic price (nominal)

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