Effects of Including Agricultural Products in the Customs Union between Turkey and the EU
Subtitle: A Partial Equilibrium Analysis for Turkey
Publisher: Peter Lang International Academic Publishers
Published: 2018
Place of publication: Bern
Number of pages: 336
Subjects: Economic theory & philosophy; Literary studies: general; Agricultural science; Political science & theory; Agriculture & related industries
Description: The inclusion of agricultural products in the current customs union is one of the potential future steps on the road to further political and economic integration between Turkey and the EU. This book examines the effects of such integration of agricultural markets on the Turkish agricultural sector as well as on consumers and the Turkish budget. Results are compared to alternative options for Turkish agricultural policy. To this aim, a detailed partial equilibrium model of the Turkish agricultural sector is developed. The complete liberalization of the agricultural sector is found to lead to significant welfare gains compared to the maintenance of current policies. It appears that including agricultural products in the customs union results in similar results with few but significant exemptions.
Notes: Open Access Unrestricted online access

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