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Worthy Transfers? A Dynamic Analysis of Turkey's Accession to the European Union

Gul Ertan Ozguzer and Luca Pensieroso ()

No 1003, Working Papers from Izmir University of Economics

Abstract: We build a two-country dynamic general equilibrium model to study whether European citizens would bene t from the eventual accession of Turkey to the European Union. The results of the simulations show that Turkey's accession to the European Union is welfare enhancing for Europeans, provided that Turkish total factor productivity (TFP) increases suciently after enlargement. In the model with no capital mobility, the Europeans are better o if the Turkish TFP increase bridges more than 31% of the initial TFP gap between Turkey and the European Union. That gure becomes 45% when capital mobility is introduced.

Keywords: European Union; Turkey; Enlargement; Dynamic General Equilibrium; Open Economy Macroeconomics (search for similar items in EconPapers)
JEL-codes: F41 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2010-10
New Economics Papers: this item is included in nep-ara, nep-dge and nep-opm
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Working Paper: Worthy Transfers ? A Dynamic Analysis of Turkey’s Accession to the European Union (2009) Downloads
Working Paper: Worthy Transfers? A Dynamic Analysis of Turkey's Accession to the European Union (2009) Downloads
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