Table 3

Alternative models' configuration

ModelGlobalRegional CACRegional SA
BMUSAMEXBRA
M1USADOM + GTM + CRICOL + CHL + PER
M2USASum of region CACSum of region SA (excluding ARG)
M3EUMEXBRA
M4EUDOM + GTM + CRICOL + CHL + PER
M5EUSum of region CACSum of region SA (excluding ARG)
M6CHNMEXBRA
M7CHNDOM + GTM + CRICOL + CHL + PER
M8CHNSum of region CACSum of region SA (excluding ARG)

Note(s): In the case of South America, when the regional output is added up, Argentina's output is excluded from the configurations because there are no data available for the years between 2001 and 2003. The output of China is deflated by the consumer price index

Source(s): Own elaboration

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