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Turkey : Economic Reform and Accession to the European Union

Author

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  • Bernard M. Hoekman
  • Togan Sübidey

Abstract

This volume analyzes the economic challenges confronting Turkey in its quest to accede to the European Union (EU). It focuses on the extent to which Turkey is ready to join the Single Market, comply with the EU's body of economic regulations and directives, the Acquis Communautaire, and meet the Maastricht criteria for fiscal, monetary, and exchange rate policies. This book also provides an assessment of Turkey's national program to meet the accession requirements. It describes briefly what Turkey needs to achieve on the economic policy front to satisfy the conditions for accession, the progress to date, and the likely consequences of implementing the full body of EU requirements. The book is divided into four parts: 1) An analysis of the macroeconomic policies for EU accession; 2) An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries; 3) An exploration of key economic policy challenges, including labor market regulation, foreign direct investment challenges, and the costs and benefits of meeting the EU environmental Acquis; and 4) The quantification of the impact of EU accession and consideration of the welfare effects of integration. While the focus is on the specific situation of Turkey, the subject will be of value to all researchers with an interest in the challenges of deeper integration through regional agreements.

Suggested Citation

  • Bernard M. Hoekman & Togan Sübidey, 2005. "Turkey : Economic Reform and Accession to the European Union," World Bank Publications - Books, The World Bank Group, number 7494, December.
    • Handle: RePEc:wbk:wbpubs:7494
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    References listed on IDEAS

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    Cited by:

    1. Gül, ERTAN ÖZGÜZER, 2007. "May Free Capital mobility before accession be unfavorable for admission to the EU ?," Discussion Papers (ECON - Département des Sciences Economiques) 2007035, Université catholique de Louvain, Département des Sciences Economiques.
    2. J. Luis Guasch & Jean-Louis Racine & Isabel Sánchez & Makhtar Diop, 2007. "Quality Systems and Standards for a Competitive Edge," World Bank Publications - Books, The World Bank Group, number 6768, December.
    3. Hafeznia, Hamed & Pourfayaz, Fathollah & Maleki, Akbar, 2017. "An assessment of Iran's natural gas potential for transition toward low-carbon economy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 71-81.
    4. Hasan Ersel & Fatih Özatay, 2008. "Inflation Targeting in Turkey," Working Papers 445, Economic Research Forum, revised 09 Jan 2008.
    5. Kamil Yilmaz & Umit Izmen, 2009. "Turkey's Recent Trade and Foreign Direct Investment Performance," Koç University-TUSIAD Economic Research Forum Working Papers 0902, Koc University-TUSIAD Economic Research Forum.
    6. Milan Palat, 2014. "Integration prospects of Turkey into European Structures and Turkish Immigration to Germany," Border Crossing, Transnational Press London, UK, vol. 4(1-2), pages 32-40, January-J.
    7. Harry G. Broadman, 2005. "From Disintegration to Reintegration : Eastern Europe and the Former Soviet Union in International Trade," World Bank Publications - Books, The World Bank Group, number 7511, December.
    8. Kauppi, Heikki & Widgren, Mika, 2007. "Voting rules and budget allocation in the enlarged EU," European Journal of Political Economy, Elsevier, vol. 23(3), pages 693-706, September.
    9. Refik Erzan, 2018. "Customs Union between EU and Turkey: A Success Story to be Nurtured," Working Papers 2018/03, Bogazici University, Department of Economics.
    10. K. Ali Akkemik, 2011. "Customs Union and Competitiveness of Turkish Exports in the EU Market," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 3(2), pages 247-274, May.
    11. Tamer Četin & Feridun Yilmaz, 2010. "Transition to the Regulatory State in Turkey: Lessons from Energy," Journal of Economic Issues, Taylor & Francis Journals, vol. 44(2), pages 393-402.
    12. Pekka Sulamaa & Mika Widgrén, 2006. "Turkish EU Membership: a Simulation Study on Economic Effects," EcoMod2006 272100090, EcoMod.
    13. Pekka Sulamaa & Mika Widgrén, 2006. "Turkish EU Membership: A Simulation Study of Economic Effects," Discussion Papers 10, Aboa Centre for Economics.
    14. Kaminski, Bartlomiej & Ng, Francis, 2006. "Turkey's evolving trade integration into Pan-European markets," Policy Research Working Paper Series 3908, The World Bank.
    15. Milan Palat, 2014. "Integration prospects of Turkey into European Structures and Turkish Immigration to Germany," Border Crossing, Transnational Press London, UK, vol. 2014(1403), pages 32-40, October.
    16. Cunedioglu, Ekrem & Yucel, Eray, 2011. "Does every stone fall in the same way? new gravity evidence on world trade," MPRA Paper 30870, University Library of Munich, Germany.
    17. Göktaylar, Yavuz, 2011. "The rise of independent administrative authorities in Turkey: A close look on sources, successes and challenges of this new institutional transformation," 22nd European Regional ITS Conference, Budapest 2011: Innovative ICT Applications - Emerging Regulatory, Economic and Policy Issues 52154, International Telecommunications Society (ITS).
    18. Sübidey Togan, 2005. "Turkey: Trade Policy Review," The World Economy, Wiley Blackwell, vol. 28(9), pages 1229-1262, September.
    19. Kamil Yilmaz, 2009. "International Business Cycle Spillovers," Koç University-TUSIAD Economic Research Forum Working Papers 0903, Koc University-TUSIAD Economic Research Forum, revised Nov 2009.
    20. FERRAGINA, Anna Maria, 2013. "The Impact of FDI on Firm Survival and Employment: A Comparative Analysis for Turkey and Italy," CELPE Discussion Papers 127, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    21. Erol Taymaz & Şule Özler, 2007. "Foreign Ownership, Competition, and Survival Dynamics," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 31(1), pages 23-42, August.
    22. Ozturk, Murat & Yuksel, Yunus Emre & Ozek, Nuri, 2011. "A Bridge between East and West: Turkey's natural gas policy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4286-4294.
    23. Hasan Ersel, 2013. "Politico-Economic Development of Turkey and The Transformation of Political Islam," Working Papers 746, Economic Research Forum, revised Apr 2013.
    24. Erol Taymaz & Kamil Yilmaz, 2017. "Political economy of industrial policy in Turkey: The case of the automotive industry," Global Development Institute Working Paper Series esid-090-17, GDI, The University of Manchester.

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