Table 1 The cumulative macroeconomic...

Table 1

The cumulative macroeconomic impact of the implementation of the “Chips Act” on countries relative to the baseline scenario (%)

	Year	China	US	EU (28)	Japan	Korea rep	Taiwan	ASEAN	Row
GDP	2023	−0.067	0.001	0.004	−0.003	0.009	0.004	−0.007	−0.001
	2030	−0.144	−0.018	0.028	0.001	0.057	0.105	0.034	0.021
	2040	−0.168	−0.078	−0.006	0.020	0.130	0.216	0.161	0.114
GDP deflator	2023	−0.080	0.029	0.035	0.048	0.078	0.139	0.063	0.032
	2030	−0.074	0.009	0.035	0.095	0.145	0.195	0.061	0.037
	2040	0.019	−0.022	0.052	0.209	0.355	0.301	0.030	0.024
Export	2023	−0.158	0.066	−0.004	−0.002	−0.016	−0.079	0.077	−0.027
	2030	−0.160	0.184	−0.005	−0.203	−0.017	−0.048	0.078	−0.076
	2040	−0.751	0.304	−0.068	−0.371	−0.086	0.036	0.238	0.055
Import	2023	−0.270	−0.071	0.018	−0.005	0.074	0.072	0.142	0.001
	2030	−0.391	−0.184	0.009	0.030	0.152	0.198	0.216	0.031
	2040	−0.430	−0.395	−0.119	0.016	0.243	0.303	0.366	0.028
Resident investment income	2023	−0.178	0.023	0.034	0.039	0.116	0.179	0.086	0.044
	2030	0.012	0.162	0.105	0.140	0.262	0.284	0.128	0.165
	2040	1.029	0.678	0.404	0.476	0.946	0.835	0.468	0.537
Resident investment income (Local)	2023	−0.212	0.019	0.039	0.040	0.139	0.268	0.091	0.044
	2030	−0.060	0.154	0.083	0.136	0.342	0.482	0.182	0.183
	2040	1.314	0.692	0.224	0.423	1.078	0.968	0.619	0.586
Resident investment income (International)	2023	−0.025	0.030	0.023	0.033	−0.004	0.005	−0.005	0.042
	2030	0.186	0.174	0.154	0.157	−0.002	0.044	−0.663	−0.059
	2040	0.725	0.657	0.806	0.704	0.689	0.727	−1.264	−0.744

	Year	China	US	EU (28)	Japan	Korea rep	Taiwan	ASEAN	Row
GDP	2023	−0.067	0.001	0.004	−0.003	0.009	0.004	−0.007	−0.001
	2030	−0.144	−0.018	0.028	0.001	0.057	0.105	0.034	0.021
	2040	−0.168	−0.078	−0.006	0.020	0.130	0.216	0.161	0.114
GDP deflator	2023	−0.080	0.029	0.035	0.048	0.078	0.139	0.063	0.032
	2030	−0.074	0.009	0.035	0.095	0.145	0.195	0.061	0.037
	2040	0.019	−0.022	0.052	0.209	0.355	0.301	0.030	0.024
Export	2023	−0.158	0.066	−0.004	−0.002	−0.016	−0.079	0.077	−0.027
	2030	−0.160	0.184	−0.005	−0.203	−0.017	−0.048	0.078	−0.076
	2040	−0.751	0.304	−0.068	−0.371	−0.086	0.036	0.238	0.055
Import	2023	−0.270	−0.071	0.018	−0.005	0.074	0.072	0.142	0.001
	2030	−0.391	−0.184	0.009	0.030	0.152	0.198	0.216	0.031
	2040	−0.430	−0.395	−0.119	0.016	0.243	0.303	0.366	0.028
Resident investment income	2023	−0.178	0.023	0.034	0.039	0.116	0.179	0.086	0.044
	2030	0.012	0.162	0.105	0.140	0.262	0.284	0.128	0.165
	2040	1.029	0.678	0.404	0.476	0.946	0.835	0.468	0.537
Resident investment income (Local)	2023	−0.212	0.019	0.039	0.040	0.139	0.268	0.091	0.044
	2030	−0.060	0.154	0.083	0.136	0.342	0.482	0.182	0.183
	2040	1.314	0.692	0.224	0.423	1.078	0.968	0.619	0.586
Resident investment income (International)	2023	−0.025	0.030	0.023	0.033	−0.004	0.005	−0.005	0.042
	2030	0.186	0.174	0.154	0.157	−0.002	0.044	−0.663	−0.059
	2040	0.725	0.657	0.806	0.704	0.689	0.727	−1.264	−0.744

Source(s): Author simulation

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