Economic Growth in the Euro-Med Area through Trade Integration: Focus on Agriculture and Food The case of Turkey

Erol H. Cakmak () and Hasan Dudu
Additional contact information
Erol H. Cakmak: TED University Ankara Turkey

No JRC84201, JRC Research Reports from Joint Research Centre

Abstract: In this study, we analyse the effects of trade liberalization, world price increase of basic staple and productivity growth in agricultural activities on Turkey by using a dynamic CGE model calibrated to 2008 data. The simulation results suggest that Turkish economy is capable of accommodating the adverse effects of trade liberalization. There are significant welfare gains if trade liberalization is accompanied by the CAP payments in the accession scenario. Trade policy turns out to be a strong instrument to stabilize the domestic prices and avoid the adverse effects of world price increase. Productivity increase in agri-food production has prominent effects on welfare and trade.

Keywords: Trade Liberalization; Dynamic CGE Model; Agriculture; Turkey (search for similar items in EconPapers)
JEL-codes: C68 D58 Q17 Q27 (search for similar items in EconPapers)
Pages: 63 pages
Date: 2014-01
New Economics Papers: this item is included in nep-agr, nep-ara, nep-cmp and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://publications.jrc.ec.europa.eu/repository/handle/JRC84201

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ipt:iptwpa:jrc84201

Access Statistics for this paper

More papers in JRC Research Reports from Joint Research Centre Contact information at EDIRC.
Bibliographic data for series maintained by Publication Officer ().