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      • Department of Economics
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      On Turkey's trade policy: is a customs union with Europe enough?

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      Author
      Mercenier, J.
      Yeldan, E.
      Date
      1997
      Source Title
      European Economic Review
      Print ISSN
      0014-2921
      Electronic ISSN
      1873-572X
      Publisher
      Elsevier BV
      Volume
      41
      Issue
      3-5
      Pages
      871 - 880
      Language
      English
      Type
      Article
      Item Usage Stats
      154
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      189
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      Abstract
      Turkey has decided to harmonize its tarification structure with that of the European Union. For the country's authorities, this move to a Customs Union is only meant to be the first step toward integration in the European Union. There are signs, however, that political opposition to the government's procompetitive stance may be strong enough to block any further move toward fuller trade liberalization. We show, using applied intertemporal GE analysis, that to be welfare improving, the trade reform would have to be pursued further and nontariff barriers on European trade removed. Failure to do so could be more detrimental to domestic welfare than no reform at all. (C) 1997 Elsevier Science B.V.
      Keywords
      Dynamic applied general equilibrium
      Imperfect competition
      Turkey
      Customs union
      Permalink
      http://hdl.handle.net/11693/11063
      Published Version (Please cite this version)
      http://dx.doi.org/10.1016/S0014-2921(97)00044-5
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      • Department of Economics 649
      • Department of International Relations 516
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