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dc.contributor.authorTogan, S.en_US
dc.date.accessioned2016-02-08T10:26:36Z
dc.date.available2016-02-08T10:26:36Z
dc.date.issued2004en_US
dc.identifier.issn0378-5920
dc.identifier.urihttp://hdl.handle.net/11693/24265
dc.description.abstractThe purpose of this paper is to study selected aspects of Turkish accession to the EU. Joining the EU will require that Turkey attains macroeconomic stability, adopts the Common Agricultural Policy, and liberalizes its services and network industries. Furthermore, joining the EU will require Turkey to adopt and implement the whole body of EU legislation and standards – the acquis communautaire. According to the EU membership criteria, new members must be able to demonstrate the ‘ability to take on the obligations of membership including adherence to the aims of political, economic and monetary union’. Thus Turkey will be expected to adopt the euro when it is ready to do so, but not immediately upon accession. Integration will boost allocative efficiency in the Turkish economy which in turn will make the country a better place to invest. Furthermore, Turkey will reap the benefits from monetary integration and from migration of labour to the EU. But the welfare gains will have a price, and the price will be the adjustment costs associated with the adoption of the acquis communautaire. The final section of the paper considers the effects of accession on the EU in terms of migration and budgetary effects.en_US
dc.language.isoEnglishen_US
dc.source.titleThe World Economyen_US
dc.relation.isversionofhttps://doi.org/10.1111/j.0378-5920.2004.00641.xen_US
dc.subjectEconomic integrationen_US
dc.subjectEuropean Unionen_US
dc.subjectEurasiaen_US
dc.subjectTurkeyen_US
dc.titleTurkey: toward EU accessionen_US
dc.typeArticleen_US
dc.departmentDepartment of Economicsen_US
dc.citation.spage1013en_US
dc.citation.epage1045en_US
dc.citation.volumeNumber27en_US
dc.citation.issueNumber7en_US
dc.identifier.doi10.1111/j.0378-5920.2004.00641.xen_US
dc.publisherWiley-Blackwell Publishing Ltd.en_US
dc.identifier.eissn1467-9701


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