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Economic Implications For Turkey Of Customs Union With The European Union
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Book Synopsis Economic Implications for Turkey of a Customs Union with the European Union by : Glenn W. Harrison
Download or read book Economic Implications for Turkey of a Customs Union with the European Union written by Glenn W. Harrison and published by World Bank Publications. This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Implications for Turkey of Customs Union with the European Union by : Glenn W. Harrison
Download or read book Economic Implications for Turkey of Customs Union with the European Union written by Glenn W. Harrison and published by . This book was released on 1990 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Implications for Turkey of a Customs Union with the European Union by : Glenn W. Harrison
Download or read book Economic Implications for Turkey of a Customs Union with the European Union written by Glenn W. Harrison and published by . This book was released on 2016 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Turkey stands to gain fro ...
Book Synopsis Economic Implications for Turkey of a Customs Union with the European Union by : David Tarr
Download or read book Economic Implications for Turkey of a Customs Union with the European Union written by David Tarr and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: May 1996 Turkey stands to gain from 1 to 1.5 percent of GDP annually from the customs union arrangement with the European Union. It also stands to lose about 1.4 percent of GDP from lost tariff revenues. Applying the value-added tax (VAT) uniformly (instead of just raising it) would allow VAT rates to fall while compensating for the revenue loss from reduced tariffs and increasing the welfare gain from the customs union. Turkey and the European Union (EU) have agreed to implement a customs union. This means Turkey will eliminate its tariffs and levies on imports of manufactured products from the European Union. Turkey will also apply the EU's common external tariff on imports from third countries. Turkey will be obligated by 2001 to provide preferential access to its markets to all countries to which the EU grants such access. Since Turkey is both eliminating tariffs on EU imports and reducing tariffs on imports from third countries, it will become a rather open economy in nonagricultural sectors, with tariffs below 2 percent (zero for imports from the EU and slightly over an average 3 percent for third countries). And since preferential access agreements with third countries will typically be reciprocal, Turkish exporters can expect improved access to those markets. According to Harrison, Rutherford, and Tarr, Turkey's biggest gains from the customs union arrangement will come from this improved access to third country markets. Using a comparative static computable general equilibrium model of Turkey, they estimate that Turkey stands to gain between 1 and 1.5 percent of GDP annually from the customs union arrangement with the EU, depending on what complementary policies it adopts. They also estimate that lost tariff revenues will amount to 1.4 percent of GDP. For Turkey to avoid worsening its fiscal deficit, it must find ways to reduce expenditures or increase revenues. Its best choice is to reduce expenditures through accelerating privatization of state-owned enterprises which will generate a number of macroeconomic and efficiency benefits in addition to the fiscal benefits. If a value-added tax (VAT) is used as a replacement tax, they estimate that VAT rates must increase 16.2 percent in each sector -- for example, from 10 percent to 11.6 percent -- to compensate for the revenue losses from implementing the full customs union. But uniform application of the VAT would allow the VAT rates to fall while still compensating for the loss from reduced tariffs and would increase the welfare gain from the customs union. This paper -- a product of the International Trade Division, International Economics Department -- is part of a larger effort in the department to analyze the impact of regional trading arrangements. The study was funded, in part, by the Bank's Research Support Budget under the research project The Impact of EC92 and Trade Integration on Selected Mediterranean Countries (RPO 675-64).
Book Synopsis On the trade integration effects of the customs union between Turkey and the EU by : Susanne Voigt
Download or read book On the trade integration effects of the customs union between Turkey and the EU written by Susanne Voigt and published by diplom.de. This book was released on 2008-03-11 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: This working paper shall investigate the trade integration between Turkey and the EU. The plan of this book is as follows. At first the historical background of the development concerning the trade relations between the two parties is conveyed. This includes the period from first association to implementing a customs union (CU) between Turkey and the European Union (EU) and to deeper integration abolishing barriers of trade until today. Subsequently an evaluation of the influence of the customs union follows in chapter 3 which constitutes the main part of the paper. Hereby the analysis is divided into the short-term static and long-term dynamic effects of the CU with the EU that Turkey entered on 1st January 1996. To analyze the static effects this paper adopts Viner s traditional approach, by comparing the trade creation effects with the trade diversion effects resulting from the removal of trade restrictions for Turkey and the EU as a whole. Thus, the predominant economical theory applied in this paper is the neoclassical customs union theory. This theory was chosen because it still is the predominant and widely recognized theory in analyzing trade data providing a variety of tools. Within the neoclassical theory Ricardo as well as Heckscher-Ohlin play an important role as a tool of analysis. In the relevant passages in the text the most important theoretical principles will be explained with the help of the Turkish example. At the limits of the neoclassical theories the new trade theory is supposed to help out especially where the assumptions of the neoclassical theory limit further analysis. It is the purpose of this paper to analyze the question how the trade liberalization in form of the CU between Turkey and the EU influences the development of Turkish welfare, specialization in different sectors, economies of scale, competitiveness, technological transfer and direct foreign investment. In some parts of the paper the analysis also refers to some effects for the EU, but main emphasis shall clearly be laid upon the effects on the Turkish economy. For the analysis foreign trade data is used which was compiled by the Turkish Undersecretariat of the Prime Ministry for Foreign Trade, the Prime Ministry Undersecretariat of Treasury, the Turkish Statistical Institute and Eurostat. Finding the adequate data created difficulties because of different time spans available and data from different sources being not comparable. [...]
Book Synopsis Turkey's Trade Liberalization and It's Accession to the European Union Customs Union by : Skanderbeg Schmusch
Download or read book Turkey's Trade Liberalization and It's Accession to the European Union Customs Union written by Skanderbeg Schmusch and published by GRIN Verlag. This book was released on 2008-10 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2008 in the subject Business economics - Economic Policy, grade: 1.3, Marmara University (Department of Economics), course: Turkish Economy, 22 entries in the bibliography, language: English, abstract: People living in Turkey might have very well experienced it, people, like the author, looking at Turkey as an independant observer, might not know it too much. Since it's foundation in 1923, Turkey witnessed turbulent times almost thoroughgoing the 20th Century. Political as well as economical wise. Economically the climax was reached when Turkey felt into international insolvency in 1978. From then on, although attempts were made in earlier years too, large reforms were introduced. In this paper we will look at the Turkey's trade policy before and after the liberalization reforms of the 1980's. Trade liberalization mostly implies less intervention by the government in the traded goods sectors. But whether a less interventionist trade regime results in a less distorted, more open and outward oriented economy will depend on the characteristics of the pre- and post-reform trade and exchange rate regimes. This paper aims to present a general survey about Turkish trade policy: a bird's eye view. The author therefore abstains from generating a model and test the impact of the reforms on one single industry. Instead, such regression results are rather resorted to other studies, in order to generate an appropriate picture of the trade liberalization as a whole without getting stucked into detail too much on the one hand, and without staying out of detail too much on the other hand. The rst section outlines the economical background of Turkey from the pre-1980-reform period at rst and con- tinues with a presentation of the reforms imposed from 1980 onwards. It draws a historical picture as well as it points out the main impacts on the export and import pattern of Turkey's foreign trade. The following section deals with Turkey's accession of the Customs Uni
Book Synopsis The Customs Union Between Turkey and the EU by : Susanne Voigt
Download or read book The Customs Union Between Turkey and the EU written by Susanne Voigt and published by Diplomica Verlag. This book was released on 2008 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper shall investigate the trade integration between Turkey and the EU. The plan of the book is as follows. At first the historical background of the development concerning the trade relations between the two parties is conveyed. This includes the period from first association to implementing a customs union (CU) between Turkey and the European Union (EU) and to deeper integration abolishing barriers of trade until today. Subsequently an evaluation of the influence of the customs union follows in chapter 3 which constitutes the main part of the paper. Hereby the analysis is divided into the short-term static and long-term dynamic effects of the CU with the EU that Turkey entered on 1st January 1996. To analyze the static effects this paper adopts Viner's traditional approach, by comparing the trade creation effects with the trade diversion effects resulting from the removal of trade restrictions for Turkey and the EU as a whole. Thus, the predominant economical theory applied in this paper is the neoclassical customs union theory. This theory was chosen because it still is the predominant and widely recognized theory in analyzing trade data providing a variety of tools. Within the neoclassical theory Ricardo as well as Heckscher-Ohlin play an important role as a tool of analysis. In the relevant passages in the text the most important theoretical principles will be explained with the help of the Turkish example. At the limits of the neoclassical theories the new trade theory is supposed to help out especially where the assumptions of the neoclassical theory limit further analysis. It is the purpose of this paper to analyze the question how the trade liberalization in form of the CU between Turkey and the EU influences the development of Turkish welfare, specialization in different sectors, economies of scale, competitiveness, technological transfer and direct foreign investment. In some parts of the paper the analysis also refers to some effects for the EU, bu
Book Synopsis Turkey's trade liberalization and it's accession to the European Union Customs Union by : Skanderbeg Schmusch
Download or read book Turkey's trade liberalization and it's accession to the European Union Customs Union written by Skanderbeg Schmusch and published by GRIN Verlag. This book was released on 2008-10-08 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2008 in the subject Business economics - Economic Policy, grade: 1.3, Marmara University (Department of Economics), course: Turkish Economy, language: English, abstract: People living in Turkey might have very well experienced it, people, like the author, looking at Turkey as an independant observer, might not know it too much. Since it's foundation in 1923, Turkey witnessed turbulent times almost thoroughgoing the 20th Century. Political as well as economical wise. Economically the climax was reached when Turkey felt into international insolvency in 1978. From then on, although attempts were made in earlier years too, large reforms were introduced. In this paper we will look at the Turkey's trade policy before and after the liberalization reforms of the 1980's. Trade liberalization mostly implies less intervention by the government in the traded goods sectors. But whether a less interventionist trade regime results in a less distorted, more open and outward oriented economy will depend on the characteristics of the pre- and post-reform trade and exchange rate regimes. This paper aims to present a general survey about Turkish trade policy: a bird's eye view. The author therefore abstains from generating a model and test the impact of the reforms on one single industry. Instead, such regression results are rather resorted to other studies, in order to generate an appropriate picture of the trade liberalization as a whole without getting stucked into detail too much on the one hand, and without staying out of detail too much on the other hand. The rst section outlines the economical background of Turkey from the pre-1980-reform period at rst and con- tinues with a presentation of the reforms imposed from 1980 onwards. It draws a historical picture as well as it points out the main impacts on the export and import pattern of Turkey's foreign trade. The following section deals with Turkey's accession of the Customs Union of the European Union in 1996. There is economical and politacal weight ascribed to the accesion as it is seen to be a major step towards a full membership of the European Union for Turkey. After outdrawing the historical backgrounds of the accesion, we will look at its impact on trade for several sectors, mainly by examining a study done by De Santis in 2001. Another section shows some empirical observations on trade indicators and their change in respect to the liberalization reforms.
Book Synopsis The Customs Union Between the European Union and Turkey and Its Impacts on Turkey's Economy by : Kip Becker
Download or read book The Customs Union Between the European Union and Turkey and Its Impacts on Turkey's Economy written by Kip Becker and published by . This book was released on 2017 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since World War II nations have formed alliances for reasons of security and trade. Countries have seen international integration as an appropriate approach to resolving domestic and international political issues, improving their welfare by both transforming their infrastructures and increasing their foreign trade. While the majority of these relationships are straightforward d Turkey's relationship with the European Union is more complex due to differences in religion and, at times, political ideology from other Union members. As a candidate country Turkey has made advances towards the full membership of the European Union with the customs union being the most significant. The impact of customs union membership is discussed and the effects of the customs union on Turkey's trade and economy are examined from a perspective of different economic theories.
Download or read book Turkey written by Bernard M. Hoekman and published by World Bank Publications. This book was released on 2005-06-20 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: What requirements must Turkey the largest country among the candidate and accession countries meet to join the European Union? What progress has been made toward meeting them? This timely 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: An analysis of the macroeconomic policies for EU accession An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries 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' 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.
Book Synopsis What is the Impact of the Customs Union Between Turkey and the European Union on the Turkish Economy? by :
Download or read book What is the Impact of the Customs Union Between Turkey and the European Union on the Turkish Economy? written by and published by . This book was released on 2009 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Turkey and the European Union by : Ali Çarkoğlu
Download or read book Turkey and the European Union written by Ali Çarkoğlu and published by Routledge. This book was released on 2003 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Turkey's relations with an enlarging European Union have long been hit by recurrent crises and problems of adjustment within internal domestic politics as well as from an external, international relations perspective. This book aims to provide an up-to-date review of relevant issues from both perspectives. Analyses focus on the significance of EU adjustment processes for Turkish domestic politics and public opinion. From the perspective of economic dynamics, analyses focus on the impact of a customs union with the EU and the issues surrounding the impending economic policy adjustments. Justice and home affairs issues and human rights practices are two areas where specific policy adjustments are needed in order to conform to the Copenhagen criteria. These adjustments are seen as touching on sensitive domestic politics issues and the analyses herein evaluate the recent developments in these policy areas. In light of these discussions, the book offers an overall evaluation of Turkey's bid for full membership in the EU."--BOOK JACKET.
Book Synopsis Effects of Including Agricultural Products in the Customs Union Between Turkey and the EU by : Harald Grethe
Download or read book Effects of Including Agricultural Products in the Customs Union Between Turkey and the EU written by Harald Grethe and published by . This book was released on 2018 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The inclusion of agricultural products in the current customs union is one of the potential future steps on the road to further political and economic integration between Turkey and the EU. This book examines the effects of such integration of agricultural markets on the Turkish agricultural sector as well as on consumers and the Turkish budget. Results are compared to alternative options for Turkish agricultural policy. To this aim, a detailed partial equilibrium model of the Turkish agricultural sector is developed. The complete liberalization of the agricultural sector is found to lead to significant welfare gains compared to the maintenance of current policies. It appears that including agricultural products in the customs union results in similar results with few but significant exemptions.
Book Synopsis On the Road to EU Membership by : Selen Sarisoy Guerin
Download or read book On the Road to EU Membership written by Selen Sarisoy Guerin and published by ASP / VUBPRESS / UPA. This book was released on 2011 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: The potential membership of Turkey to the European Union (EU) carries significant challenges for EU policymaking and integration, and this volume brings together academics from several disciplines, including international relations, economics, sociology, and public administration, to present a holistic picture of the economic dimension of the accession process. Assessing the current strengths and weaknesses of the Turkish candidacy, this study provides a historical overview of EU–Turkey economic relations, a comprehensive review of the EU–Turkey customs union agreement, as well as a discussion of the implications of membership for various sectors of the Turkish economy. This comprehensive analysis of Turkey’s bid for EU membership will interest government officials and academics alike as more candidate countries seek accession in the years ahead.
Book Synopsis Static Effects of the EU-Turkey Customs Union by : Fatma Karaman
Download or read book Static Effects of the EU-Turkey Customs Union written by Fatma Karaman and published by . This book was released on 2013 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies on the economic effects of Turkey- EU Customs Union increased considerably in the last years, as a result of the deepening of the relations between the two parties. This is mainly due to the opening of the accession negotiations between Turkey and the European Union in October 1995. The first part of this study focuses on the evaluation of Turkey's trade figures. This study aims to investigate Turkey's import demand function using an econometric panel data application. First the analysis was made for Turkey's general import demand function. A good reason for that is the removal of European Community's tariffs on its imports from Turkey in 1971 while Turkey waited the entering into force of the Customs Union in 1996 for abolishing the trade barriers to the EU. Our findings show that Turkey's import demand is income elastic and price inelastic. The analysis was repeated for the main import sectors and empirical findings indicate that Customs Union Agreement has trade creation effects among some sectors and trade diversion effects among some others, while no effects at all could be calculated for the remaining.
Book Synopsis Industrial and fiscal impact on Turkey of customs union with the European Union by :
Download or read book Industrial and fiscal impact on Turkey of customs union with the European Union written by and published by . This book was released on 199? with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic Implications of Deep Integration in the EU-Turkey Customs Union by : Yiannis Zahariadis
Download or read book The Economic Implications of Deep Integration in the EU-Turkey Customs Union written by Yiannis Zahariadis and published by . This book was released on 2005 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt:
