An analysis of Turkey’s accession to the European Union

Ertan Özgüzer, Gül;Pensieroso, Luca
(2013) Canadian Journal of Economics — Vol. 46, n° 4, p. 1380-1405 (2013)

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Authors
  • Ertan Özgüzer, GülIzmir University of Economics
    Author
  • Pensieroso, LucaUCLouvain
    Author
Abstract
We build a two-country dynamic general equilibrium model to study whether European citizens would benefit from the eventual accession of Turkey to the European Union (EU). The results of the simulations show that Turkey’s accession is welfare enhancing for Europeans, provided that Turkish total factor productivity (TFP) increases sufficiently after enlargement. In the benchmark model with no capital mobility, the Europeans are better off if the Turkish TFP increase bridges more than 21% of the initial TFP gap between Turkey and the EU. This figure increases to 33% when capital mobility is introduced.
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Ertan Özgüzer, G., & Pensieroso, L. (2013). An analysis of Turkey’s accession to the European Union. Canadian Journal of Economics, 46(4), 1380-1405. https://doi.org/10.1111/caje.12058 (Original work published 2013)