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The Possible Effects of Trans-Pacific Partnership on Turkish Economy

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Author Info

  • 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.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 52917.

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Date of creation: Jan 2014
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Handle: RePEc:pra:mprapa:52917

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Keywords: Free Trade Agreements; Trans-Pacific Partnership; Turkey.;

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  1. Joseph Francois & Miriam Manchin & Hanna Norberg & Olga Pindyuk & Patrick Tomberger, 2013. "Reducing Transatlantic Barriers to Trade and Investment: An Economic Assessment," IIDE Discussion Papers, Institue for International and Development Economics 20130401, Institue for International and Development Economics.
  2. 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, Asian Development Bank 92, Asian Development Bank.
  3. 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, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 20(4), pages 108-126, 07.
  4. 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, Peterson Institute for International Economics, number 6642, July.
  5. 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, FIW IV-003, FIW.
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