Economic Growth in the Euro-Med Area through Trade Integration: Focus on Agriculture and Food - The Case of Turkey

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Economic Growth in the Euro-Med Area through Trade Integration: Focus on Agriculture and Food - The Case of Turkey
Abstract: 

In this study, we analyse the effects of trade liberalization, world price increase of basic staple and productivity growth in agricultural activities on Turkey by using a dynamic CGE model calibrated to 2008 data. The simulation results suggest that Turkish economy is capable of accommodating the adverse effects of trade liberalization. There are significant welfare gains if trade liberalization is accompanied by the CAP payments in the accession scenario. Trade policy turns out to be a strong instrument to stabilize the domestic prices and avoid the adverse effects of world price increase. Productivity increase in agri-food production has prominent effects on welfare and trade.

Authors
Authors: 
CAKMAK Erol Hasan, DUDU Hasan
Publication Year
Publication Year: 
2013
Type

Type:

Appears in Collections
Appears in Collections: 
Institute for Prospective Technological Studies
JRC Institutes
Publisher
Publisher: 
Publications Office of the European Union
ISBN
ISBN: 
978-92-79-35577-6
ISSN
ISSN: 
1831-9424
DOI
Other Identifiers
Other Identifiers: 
EUR 26532
OPOCE LF-NA-26532-EN-N