Turkey’s Shifting Axis to the East: Implications of Regional Integration with the Neighborhood

Mustafa Acar and Levent Aydin

No 332160, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: This paper analyzes the impact of Turkey’s regional integration with the neighbourhood in an applied general equilibrium framework. The standard GTAP model has been extended to address the two main components of Turkey’s possible integration: mutual elimination of import tariffs and free movement of labor among regions. The results suggest that all regions (Turkey, Russia, Former Soviet Union and the Middle East) would experience welfare gain under trade liberalization policy reform. Labor mobility does not cause considerable changes in real GDP (less than 0.1 percent) through falling real wages in the labor exporting regions.

Keywords: Labor and Human Capital; International Relations/Trade (search for similar items in EconPapers)
Pages: 21
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:332160

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