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An analysis of Turkey’s accession to the European Union

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Ertan Özgüzer, Gül [Izmir University of Economics] Pensieroso, Luca [UCL]

We build a two-country dynamic general equilibrium model to study whether European citizens would benefit from the eventual accession of Turkey to the European Union (EU). The results of the simulations show that Turkey’s accession is welfare enhancing for Europeans, provided that Turkish total factor productivity (TFP) increases sufficiently after enlargement. In the benchmark model with no capital mobility, the Europeans are better off if the Turkish TFP increase bridges more than 21% of the initial TFP gap between Turkey and the EU. This figure increases to 33% when capital mobility is introduced.

Document type Article de périodique (Journal article) – Article de recherche
Access type Accès restreint
Publication date 2013
Language Anglais
Journal information "Canadian Journal of Economics" - Vol. 46, no. 4, p. 1380-1405 (November 2013)
Peer reviewed yes
Publisher Wiley-Blackwell Publishing, Inc. ((United States) Hoboken)
issn 0008-4085
e-issn 1540-5982
Publication status Publié
Affiliations UCL - SSH/LIDAM/IRES - Institut de recherches économiques et sociales
Izmir University of Economics - Department of Economics
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Bibliographic reference Ertan Özgüzer, Gül ; Pensieroso, Luca. An analysis of Turkey’s accession to the European Union. In: Canadian Journal of Economics, Vol. 46, no. 4, p. 1380-1405 (November 2013)
Permanent URL http://hdl.handle.net/2078.1/135136