Table 3: Calibrated changes in technological change and capital efficiency due to the crisis, China and selected regions.

2007 2008 2009 2010 2011 China 0.00 −3.16 −8.44 −5.64 −2.92 Japan 0.00 −1.11 −3.13 −4.97 −3.07 US −0.54 −1.55 −4.10 −5.36 −4.75 EU27 0.00 −1.22 −3.05 −3.38 −3.21