THE ECONOMIC AND FISCAL PERFORMANCE OF TURKEY AND WESTERN BALKANS IN THE PROCESS OF MEMBERSHIP TO THE EUROPEAN UNION: AN ASSESSMENT ON POST-GLOBAL CRISIS PERIOD

Halil Serbes () and Mircan TOKATLIOÄžLU ()
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Halil Serbes: Bursa UludaÄŸ University
Mircan TOKATLIOÄžLU: Bursa UludaÄŸ University

JOURNAL OF LIFE ECONOMICS, 2019, vol. 6, issue 2, 163/196

Abstract: It is aimed to compare the economic and fiscal performance of Western Balkans and Turkey in the process of accession to the European Union. Turkey and the Western Balkans that consist of candidate (Macedonia, Montenegro, Serbia, Albania) and potential candidate (Kosovo and Bosnia and Herzegovina) countries are obliged to fulfill the criteria for the European Union's economic and fiscal cohesion. The Western Balkans have been forced to fulfill their obligations under the negotiating process, as the global crisis and the subsequent debt crisis seriously affects their economic and fiscal performances as well as European Union members. Economic and fiscal indicators such as real gross domestic product, unemployment, inflation, public deficit, public debt for the years 2008-2017 clearly demonstrate this. Despite the fact that Turkey less affected by global crisis vis-a-vis the Western Balkans has more positive outlook in terms of the indicators, the European Union stands closer to the Western Balkans compared to Turkey.

Keywords: Turkey and European Integration; Economic and Fiscal Policy Coordination in EU; Economic and Fiscal Prospects for Turkey and Western Balkans. (search for similar items in EconPapers)
JEL-codes: E61 E66 F15 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:jle:journl:v:6:y:2019:i:2:p:163/196

DOI: 10.15637/jlecon.6.011

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