Price Transmission Effect of Establishing FTA with African Countries from the Perspective of Trade Facilitation

Table 4

Changes in the terms of trade, GDP, and social welfare in various countries (%).

Index	Country
	mus	Chn	mdg	zaf	ind	MEAN	SSA	ROW
TOT	3.3363	3.7805	−0.9527	−0.5912	−0.7441	−0.3238	−0.4371	−0.5068
	(0.9979)	(0.9999)	(0.9990)	(0.9995)	(0.9992)	(1.0000)	(1.0000)	(0.9998)
GDP	0.6362	0.4199	0.5386	0.274	0.1571	0.2356	0.2889	0.1914
	(0.9433)	(0.9998)	(1.0007)	(1.0004)	(1.0006)	(1.0000)	(1.0000)	(1.0005)
YEV	2.5598	1.4718	0.2303	0.1081	-0.0041	0.187	0.2002	0.0726
	(0.9886)	(0.9999)	(1.0035)	(1.0019)	(0.9268)	(1.0005)	(1.0000)	(1.0000)

Note. 1. The value in parentheses is the contribution of partial effect of trade facilitation; 2. YEV is the social welfare calculated by the equivalent change in area r. Data source: this is compiled from RunGTAP simulation results.