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The Possible Effects of Trans-Pacific Partnership on Turkish Economy

Author

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  • Oduncu, Arif
  • Mavuş, Merve
  • Güneş, Didem

Abstract

Due to the World Trade Organization’s (WTO) deadlocked multilateral trade negotiations, many countries have started to establish Free Trade Agreements (FTA). In this context, twelve countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States (US) and Vietnam have decided to establish Trans-Pacific Partnership (TPP). This study focuses on the impacts of this partnership on Turkish economy. By using Global Trade Analysis Project (GTAP) database and a general equilibrium model, the effects of various scenarios on GDP and exports are studied. Obtained results show that Turkey could be in a loss up to 1% of GDP if present 12 countries establish the TPP. Otherwise, potential countries’ inclusions in TPP could cause higher losses – up to 2.4% of GDP- for Turkey.

Suggested Citation

  • Oduncu, Arif & Mavuş, Merve & Güneş, Didem, 2014. "The Possible Effects of Trans-Pacific Partnership on Turkish Economy," MPRA Paper 52917, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:52917
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    References listed on IDEAS

    as
    1. Joseph Francois & Olga Pindyuk, 2013. "Modeling the Effects of Free Trade Agreements between the EU and Canada, USA and Moldova/Georgia/Armenia on the Austrian Economy: Model Simulations for Trade Policy Analysis," FIW Research Reports series IV-003, FIW.
    2. Gemma Estrada & Donghyun Park & Innwon Park & Soonchan Park, 2012. "China's Free Trade Agreements with ASEAN, Japan and Korea: A Comparative Analysis," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 20(4), pages 108-126, July.
    3. Joseph Francois & Miriam Manchin & Hanna Norberg & Olga Pindyuk & Patrick Tomberger, 2013. "Reducing Transatlantic Barriers to Trade and Investment: An Economic Assessment," IIDE Discussion Papers 20130401, Institue for International and Development Economics.
    4. Fritz Breuss & Joseph F. Francois, 2011. "EU-South Korea FTA – Economic Impact for the EU and Austria," FIW Policy Brief series 010, FIW.
    5. Peter A. Petri & Michael G. Plummer & Fan Zhai, 2012. "The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6642, July.
    6. Estrada, Gemma & Park, Donghyun & Park, Innwon & Park, Soonchan, 2012. "The PRC’s Free Trade Agreements with ASEAN, Japan, and the Republic of Korea: A Comparative Analysis," Working Papers on Regional Economic Integration 92, Asian Development Bank.
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    Cited by:

    1. Muhammad Aamir Khan & Naseeb Zada & Kakali Mukhopadhyay, 2018. "Economic implications of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Pakistan: a CGE approach," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 7(1), pages 1-20, December.
    2. Mohammad Masudur Rahman & Laila Arjuman Ara, 2015. "TPP, TTIP and RCEP," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 16(1), pages 27-45, March.

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    More about this item

    Keywords

    Free Trade Agreements; Trans-Pacific Partnership; Turkey.;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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