Table 21 Share of US trade growth between 1980 and 2004 attributable to
various factors (billions of US dollars and percent)
|
Exports $ |
Imports $ |
Exports % |
Imports % | |
|
Partial equilibrium impact on trade | ||||
|
Tariff liberalization (Scenario 2) |
135 |
69 |
23 |
5 |
|
Transportation cost declines (Scenario 3) |
11 |
22 |
2 |
2 |
|
NTB liberalization (Scenario 5) |
99 |
155 |
17 |
12 |
|
Income growth and unidentified technology |
352 |
1,026 |
59 |
81 |
|
Total trade $ |
Total trade % | |||
|
Partial equilibrium impact on total trade | ||||
|
Tariff liberalization (Scenario 2) |
204 |
11 | ||
|
Transportation cost declines (Scenario 3) |
33 |
2 | ||
|
NTB liberalization (Scenario 5) |
254 |
14 | ||
|
Income growth and unidentified technology |
1,378 |
74 | ||
|
Exports $ |
Imports $ |
Exports % |
Imports % | |
|
General equilibrium impact on trade | ||||
|
Tariff liberalization (Scenario 2) |
128 |
147 |
16 |
11 |
|
Transportation cost declines (Scenario 3) |
23 |
44 |
3 |
3 |
|
NTB liberalization (Scenario 5) |
144 |
121 |
18 |
9 |
|
Income growth and unidentified technology |
523 |
1,076 |
64 |
78 |
|
Total trade $ |
Total trade % | |||
|
General equilibrium impact on total trade | ||||
|
Tariff liberalization (Scenario 2) |
275 |
12 | ||
|
Transportation cost declines (Scenario 3) |
67 |
3 | ||
|
NTB liberalization (Scenario 5) |
265 |
12 | ||
|
Income growth and unidentified technology |
1,599 |
72 | ||
|
Exports $ |
Imports $ |
Total trade $ | ||
|
Memorandum: 1980 to 2004 US trade growth | ||||
|
Partial equilibrium analysis (goods only) |
597 |
1,272 |
1,869 | |
|
General equilibrium analysis (good and services) |
818 |
1,388 |
2,206 | |
37
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