Turkish EU Membership: A Simulation Study of Economic Effects
AbstractThis paper evaluates the economic effects of Turkish EU membership. The evaluation is based on a widely utilized computable general equilibrium model called GTAP (Global Trade Analysis Project). Imperfect competition is modelled via assumption of scale economies on non agricultural sectors. The latest GTAP database version (base year 2001) is aggregated into seven regions: Turkey, Germany-Austria, North EU, South EU, Balkan countries, NAFTA, ASIA and Rest of World. We analyse economic effects of abolishing trade barriers between the EU25 and Turkey and applying common external tax on Turkey. Major sectoral effects are bound to originate from the agriculture which accounts 11.4 % of TurkeyÕs GDP.
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Bibliographic InfoPaper provided by Aboa Centre for Economics in its series Discussion Papers with number 10.
Date of creation: Oct 2006
Date of revision:
GTAP; Turkey; EU enlargement;
Other versions of this item:
- Pekka Sulamaa & Mika Widgrén, 2007. "Turkish EU Membership: A Simulation Study on Economic Effects," Discussion Papers 410, Government Institute for Economic Research Finland (VATT).
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- F15 - International Economics - - Trade - - - Economic Integration
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
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