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

Table 7 (Scenario A1–A2: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-1No segmentation
\(\sigma_{j}^{LD} = 0. 2\)\(\sigma_{j}^{LD} = 1. 2\)\(\sigma_{j}^{LD} = 2. 5\)\(\sigma_{j}^{LD} = 0. 2\)\(\sigma_{j}^{LD} = 1. 2\)\(\sigma_{j}^{LD} = 2. 5\)
Govt. budget deficit/GDP*25.1025.2625.2825.3725.0324.89
GDP at basic price (real)0.00**− 0.24− 0.240.00**0.00**0.00**
GDP at market price (real)− 0.62− 0.85− 0.85− 0.62− 0.62− 0.61
GFCF/GDP*− 5.41− 5.32− 5.33− 6.01− 5.61− 5.45
  1. Real GDP is calculated applying GDP deflator computed from SAM
  2. * GDP at basic price (nominal); ** very small change