GTAP Resources: Resource Display
| GTAP Resource #3514 |
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"Turkey’s Shifting Axis to the East: Implications of Regional Integration with the Neighborhood " by Acar, Mustafa and Levent Aydin Abstract This paper analyzes the impact of Turkey’s regional integration with the neighbourhood in an applied general equilibrium framework. The standard GTAP model has been extended to address the three main components of Turkey’s possible integration: elimination of import tariffs mutually, free movement of labor among regions, and free movement of capital. The results suggest that Turkey, Russia and XSU would experience welfare gain under the trade liberalization policy reform while the ME suffers from welfare loss. Labor mobility does not cause considerable changes in the real GDP (less than 0.1 percent) through falling real wages in the labor exporting regions. Integration with ME allows the participating countries to achieve larger economies of scale in production, increase competitiveness and diversify their export basket, thus assisting domestic economic reforms. |
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- Foreign direct investment - Labor market issues - Middle East |
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Public Access  2011 Conference Paper (336.5 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
