Table 8 Cumulative impact of the...

Table 8

Cumulative impact of the implementation of the Chips Act in 2040 on GVC participation by industry relative to the baseline scenario(%)

	China	US	EU(28)	Japan	Korea rep	Taiwan	ASEAN	Row
Forward participation
Agricultural products	−0.03	0.08	0.02	−0.03	−0.08	−0.08	−0.06	−0.01
Textile and apparel	0.01	0.03	0.00	−0.02	−0.08	−0.07	−0.05	−0.03
Chemical products	−0.05	0.04	−0.03	−0.07	−0.07	−0.07	−0.12	0.02
Metallic products	−0.01	−0.19	−0.15	−0.08	−0.11	−0.40	0.01	−0.10
Machine made	0.01	0.08	0.00	−0.11	−0.09	−0.16	−0.10	−0.03
Vehicles	0.02	0.09	0.01	−0.06	−0.10	−0.10	−0.05	−0.02
Electronic product	−0.30	0.42	0.28	0.20	−0.06	−0.04	0.07	0.20
Other manufacturing	−0.08	0.04	−0.14	−0.08	−0.08	−0.17	−0.02	0.00
Services	−0.03	0.03	0.00	−0.03	−0.10	−0.10	−0.01	−0.02
Backward participation
Agricultural products	−0.04	−0.05	−0.06	−0.07	−0.10	−0.05	−0.03	−0.04
Textile and apparel	−0.07	−0.06	−0.03	−0.07	−0.12	−0.07	−0.05	−0.06
Chemical products	−0.08	−0.06	−0.05	−0.12	−0.14	−0.08	−0.10	−0.11
Metallic products	−0.14	−0.03	−0.03	−0.17	−0.19	−0.06	−0.07	−0.11
Machine made	−0.11	−0.06	−0.04	−0.10	−0.16	−0.07	−0.11	−0.10
Vehicles	−0.12	−0.06	−0.04	−0.09	−0.15	−0.06	−0.09	−0.09
Electronic product	0.20	−0.18	−0.11	−0.17	−0.17	−0.11	−0.23	−0.18
Other manufacturing	−0.11	−0.10	−0.14	−0.17	−0.14	−0.12	−0.07	−0.08
Services	−0.08	−0.03	−0.04	−0.09	−0.16	−0.13	−0.12	−0.09

	China	US	EU(28)	Japan	Korea rep	Taiwan	ASEAN	Row
Forward participation
Agricultural products	−0.03	0.08	0.02	−0.03	−0.08	−0.08	−0.06	−0.01
Textile and apparel	0.01	0.03	0.00	−0.02	−0.08	−0.07	−0.05	−0.03
Chemical products	−0.05	0.04	−0.03	−0.07	−0.07	−0.07	−0.12	0.02
Metallic products	−0.01	−0.19	−0.15	−0.08	−0.11	−0.40	0.01	−0.10
Machine made	0.01	0.08	0.00	−0.11	−0.09	−0.16	−0.10	−0.03
Vehicles	0.02	0.09	0.01	−0.06	−0.10	−0.10	−0.05	−0.02
Electronic product	−0.30	0.42	0.28	0.20	−0.06	−0.04	0.07	0.20
Other manufacturing	−0.08	0.04	−0.14	−0.08	−0.08	−0.17	−0.02	0.00
Services	−0.03	0.03	0.00	−0.03	−0.10	−0.10	−0.01	−0.02
Backward participation
Agricultural products	−0.04	−0.05	−0.06	−0.07	−0.10	−0.05	−0.03	−0.04
Textile and apparel	−0.07	−0.06	−0.03	−0.07	−0.12	−0.07	−0.05	−0.06
Chemical products	−0.08	−0.06	−0.05	−0.12	−0.14	−0.08	−0.10	−0.11
Metallic products	−0.14	−0.03	−0.03	−0.17	−0.19	−0.06	−0.07	−0.11
Machine made	−0.11	−0.06	−0.04	−0.10	−0.16	−0.07	−0.11	−0.10
Vehicles	−0.12	−0.06	−0.04	−0.09	−0.15	−0.06	−0.09	−0.09
Electronic product	0.20	−0.18	−0.11	−0.17	−0.17	−0.11	−0.23	−0.18
Other manufacturing	−0.11	−0.10	−0.14	−0.17	−0.14	−0.12	−0.07	−0.08
Services	−0.08	−0.03	−0.04	−0.09	−0.16	−0.13	−0.12	−0.09

Source(s): Author simulation

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