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Table 10 Sectoral price change in 2030, compared with BAU 2030.
Table 15 Private consumption and sectoral price change in MRG and MWG 2030, compared with BAU 2030.
Most importantly, the study captures the sectoral price impact using a "Price Model" in Input output framework.
Table 11 Private consumption and sectoral price change in CAM and CKM 2030, compared with BAU 2030.
Had TurkStat included detailed employment information, it could have helped calculate productivity growth; and had WIOD released sectoral price deflators for export industries it would even have been possible to analyze the role of industries in the export goods sector.
Hence, the tables were aggregated to nine main industries, and TurkStat employment data was used to calculate the productivity growth of non-tradable and export goods sectors.6 Although WIOD 2003 and 2011 (35 × 35) tables provide employment data, the sectoral price deflators were not provided for non-tradable and export goods; thus, the deflators were collected from UN data.
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Trade and macroeconomic policies, as well as sectoral pricing policies, need to permit the agricultural sector to respond to changes in comparative advantage patterns by reallocation of resources.
The impacts on sectoral prices have also been calculated.
We have evaluated the implications of each of these situations in terms of demand for food grain and other sectors, sectoral growth, price impact, labour requirements, GDP growth, environmental impacts5 and land entailments.
Using a Structural VAR (SVAR) model, we examine the effects of the monetary policy of the United States on sectoral commodity prices (including the non-fuel commodity prices, food prices, beverage prices, prices of agricultural raw materials, prices of metals and prices of fuel (energy) commodities) and macroeconomic activity.
Matching this appreciation with sectoral US price data, it documents how a higher yuan translates into higher import prices and, in turn, how this affects the prices that domestic firms charge.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com