Author : Gül Ertan Özgüzer
Publisher : Presses univ. de Louvain
ISBN 13 : 2874632163
Total Pages : 105 pages
Book Rating : 4.8/5 (746 download)
Book Synopsis Essays on Turkey's Bid for Global Integration by : Gül Ertan Özgüzer
Download or read book Essays on Turkey's Bid for Global Integration written by Gül Ertan Özgüzer and published by Presses univ. de Louvain. This book was released on 2010-06 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays making up this thesis combine two important milestones in Turkey's bid for global integration: Turkey’s prospective accession to the European Union (EU) and capital account liberalization. The first essay deals with possible economic consequences of Turkish accession to the EU, focusing on transfers as the cause of EU’s objection to admit Turkey and investigating whether the transfer may be a price worth paying for the European households. The idea presented here is that adherence to the Copenhagen criteria leads to an improvement in Turkish institutions, which in turn increases Turkish total factor productivity (TFP) in the model. We find that a TFP increase in Turkey enhances the utility of the households in the EU and therefore may compensate for the negative effect of the transfers. The second essay deals with the same issue in a dynamic general equilibrium setting. This time, we assess quantitatively whether, from the European perspective, enlargement of the EU to include Turkey is welfare enhancing. Finally, the third essay concerns the capital account liberalization experience of Turkey in order to account for the changes in the Turkish economy after the country’s opening to capital flows and analyses whether Turkish households are better off because of this opening up.