Table 9: Changes in GDP as a result of the CKFTA under Alternative Closures, Selected Regions, in 2001 US$ millions
Labour & capital fixed (i) | Labour flexible, capital fixed (ii) | Labour fixed, capital flexible (iii) | Labour and capital flexible (iv) | Central Scenario (v) | ||||||
US$ | % ch | US$ | % ch | US$ | % ch | US$ | % ch | US$ | % ch | |
Canada | 460 | 0.064 | 797 | 0.111 | 557 | 0.078 | 1,921 | 0.268 | 815 | 0.114 |
Korea | 104 | 0.024 | 653 | 0.152 | 462 | 0.10 | 2,963 | 0.691 | 296 | 0.069 |
USA | -564 | -0.006 | -481 | -0.005 | -448 | -0.004 | 130 | 0.001 | -412 | -0.004 |
EU | -124 | -0.002 | -132 | -0.002 | -85 | -0.001 | -5 | 0.000 | -89 | -0.001 |
Japan | -72 | -0.002 | -84 | -0.002 | -33 | -0.001 | 28 | 0.001 | -45 | -0.001 |
Mexico | 0 | 0.000 | -1 | 0.000 | 1 | 0.000 | -2 | 0.000 | -2 | 0.000 |
Mercosur | -32 | -0.004 | -30 | -0.004 | -19 | -0.002 | 20 | 0.002 | -27 | -0.003 |
Caricom | -9 | -0.009 | -8 | -0.007 | -7 | -0.007 | 2 | 0.002 | -8 | -0.008 |
Andean | -4 | -0.002 | 4 | 0.001 | 5 | 0.002 | 52 | 0.018 | 1 | 0.000 |
China | -92 | -0.008 | -86 | -0.008 | -81 | -0.007 | -36 | -0.003 | -86 | -0.008 |
India | -39 | -0.008 | -40 | -0.009 | -36 | -0.008 | -35 | -0.007 | -37 | -0.008 |
Singapore | 0 | 0.000 | 1 | 0.001 | 1 | 0.001 | 4 | 0.005 | 0 | 0.00 |
Australia | -32 | -0.009 | -23 | -0.006 | -21 | -0.006 | 32 | 0.009 | -26 | -0.007 |
SACU | -3 | -0.002 | -2 | -0.006 | -2 | -0.001 | 4 | 0.004 | -3 | -0.002 |
ROW | -154 | -0.004 | -91 | -0.002 | -93 | -0.002 | 257 | 0.007 | -112 | -0.003 |
Total | -560 | -0.002 | 478 | 0.002 | 202 | 0.001 | 5,336 | 0.017 | 266 | 0.001 |