On Turkey's trade policy: Is a customs union with Europe enough?
Jean Mercenier,Erinç Yeldan +1 more
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This paper showed that to be welfare improving, the trade reform would have to be pursued further and nontariff barriers on European trade removed, and that failure to do so could be more detrimental to domestic welfare than no reform at all.About:
This article is published in European Economic Review.The article was published on 1997-04-01 and is currently open access. It has received 103 citations till now. The article focuses on the topics: Customs union & International free trade agreement.read more
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The Impact of the Multifiber Agreement Phaseout on Unemployment in Tunisia: A Prospective Dynamic Analysis
TL;DR: Using a dynamic general equilibrium model, the authors provided a quantitative assessment of the impact of the Multifiber Agreement dismantling on unemployment in Tunisia and found that unemployment and wage inequality will increase due to the MFA phase out, and that deeper integration with the EU can soften the negative effects of the shock.
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A theory of insidious regionalism
TL;DR: In this article, the authors present an interpretation of rising regionalism in world trade as a coordination failure, based on sector-specific sunk costs in production, and friction in trade negotiation.
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Strategic policies and growth: an applied model of R & D-driven endogenous growth
TL;DR: Grossman et al. as mentioned in this paper explored the effects of selective trade and R&D promotion policies on long-run growth and social welfare, and found significantly high growth effects together with sizable gains in social welfare at low incidence to tax payers.
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Turkish delight for some, cold turkey for others?: The effects of the EU-Turkey Customs Union
TL;DR: In this article, the authors used a theoretical framework to demonstrate that the characteristics of the Turkish economy imply asymmetric changes in the trade volumes of the incumbent countries of the EU as a result of EU-Turkey Customs Union (CU) between Turkey and the EU, mainly covering trade in manufacturing goods and processed agricultural products.
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Can a water market avert the “double-whammy” of trade reform and lead to a “win–win” outcome?
Xinshen Diao,Terry L. Roe +1 more
TL;DR: In this paper, the authors focus on the linkages between water and trade policies, using Morocco as a case and find that trade reform actually creates an opportunity to pursue water policy reform.
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Completing the internal market in the European Community: Some industry simulations☆
TL;DR: In this article, the effects of changes in the internal market of the European Community in a partial equilibrium model of imperfect competition with economies of scale were studied, and the model is numerically calibrated to data on ten industries.
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Completing the Internal Market in the European Community: Some Industry Simulations
TL;DR: In this article, the effects of changes in the internal market of the European Community in a partial equilibrium model of imperfect competition with economies of scale were studied, and the model is numerically calibrated to data on ten industries.
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Discrete-time finite horizon approximation of infinite horizon optimization problems with steady-state invariance
Jean Mercenier,Philippe Michel +1 more
TL;DR: In this article, the problem of large-scale nonlinear intertemporal optimization problems requires time aggregation, which introduces a dependency of the solution steady state to a specific choice of sequence of time intervals.
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Trade Reform in the Partially Liberalized Economy of Turkey
TL;DR: In this article, a quantitative, multisectoral general equilibrium model of the Turkish economy is presented and it is shown that piecemeal trade policy reform, based on first-best rationales that are appropriate for highly distorted economies, would not now be appropriate.
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Nonuniqueness of solutions in applied general equilibrium models with scale economies and imperfect competition
TL;DR: In this article, the authors warn model builders and users that considerable caution is needed in interpreting the results and in deriving strong policy conclusion from these models: it is shown that in this generation of applied general equilibrium models, nonuniqueness of equilibria is not a theoretical curiosum, but a potentially serious problem.