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Economic implications of Turkish EU membership: the advantages of tying one's hands

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  • Ugur, Mehmet

Abstract

This paper is a stock-taking exercise that brings together existing findings and new insights on the potential costs and benefits of EU membership for both Turkey and the EU. As far as Turkey is concerned, we focus on the costs and benefits of EU membership that are likely to result from compliance with the so-called EU conditionality. As far as EU is concerned, we focus on the costs and benefits associated with budgetary contributions and migration. Overall, we conclude that the impact of membership is likely to be positive for both parties, but the risks and returns are associated. In other words, Turkey stands to gain more than the EU but it is also the party that will be faced with higher adjustment costs.

Suggested Citation

  • Ugur, Mehmet, 2008. "Economic implications of Turkish EU membership: the advantages of tying one's hands," Greenwich Papers in Political Economy 3984, University of Greenwich, Greenwich Political Economy Research Centre.
    • Handle: RePEc:gpe:wpaper:3984
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    References listed on IDEAS

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    8. Fernandez, Raquel, 1997. "Returns to regionalism : an evaluation of nontraditional gains from regional trade agreements," Policy Research Working Paper Series 1816, The World Bank.
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    Cited by:

    1. Hakan Cavlak & Davuthan Gunaydın, 2015. "Limited Impact of the EU on Candidate States:Turkey’s Employment Policy," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 4(4), pages 01-14, October.
    2. Hakan Cavlak & Hayriye Isik, 2015. "The Limits of Conditionality: Turkey –EU Taxation Negotiations," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 4(4), pages 29-43, October.

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    More about this item

    Keywords

    EU enlargement; economic costs and benefits of integration; migration; EU-Turkey relations;
    All these keywords.

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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