Essays on Turkey's bid for global integration
By: Gül Ertan Özgüzer
Series: Thèses de la Faculté des sciences économiques, sociales et politiques -- 621; Thèses de la Faculté des sciences économiques, sociales et politiques -- 621.
Publisher: Presses Universitaires
Published: 2010
Place of publication: Louvain-La-Neuve
Language: eng
Number of pages: 88
ISBN-13: 9782874632167
Subjects: Globalization; Mathematical models
Description: The essays making up this thesis combine two important milestones in Turkey's bid for global integration: Turkey's prospective accession to the European Union (EU) and capital account liberalization. The first essay deals with possible economic consequences of Turkish accession to the EU, focusing on transfers as the cause of EU's objection to admit Turkey and investigating whether the transfer may be a price worth paying for the European households. The idea presented here is that adherence to the Copenhagen criteria leads to an improvement in Turkish institutions, which in turn increases Turkish total factor productivity (TFP) in the model. We find that a TFP increase in Turkey enhances the utility of the households in the EU and therefore may compensate for the negative effect of the transfers. The second essay deals with the same issue in a dynamic general equilibrium setting.
Notes: includes bibliographical references (p. 85-88)