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The world is going through strikingly fast and comprehensive transformation. The harmonization of the bilateral or multilateral regulations and standards all over the world will make market penetrations much easier, or harder. This is also a critical turn for the overall Turkish economic and...
Persistent link: https://www.econbiz.de/10011109265
This paper investigates the effect of the customs union between Turkey and the European Union on the balance of trade … in Turkey. The framework for analysis is an extended trade gravity model onto which the impact of the customs union is … in Turkey – 1980-1995 and 1996-2012, respectively – as well as for the full period – 1980-2012. The main conclusion is …
Persistent link: https://www.econbiz.de/10011112639
Turkey’s customs union with the European Union in 1996 increased considerably import penetration in manufacturing while … not significantly affecting the share of EU in Turkey’s trade. The study analyzes whether this impetus had a marked impact … on the productive and industrial structure of manufacturing in Turkey, and on its competitive behavior. …
Persistent link: https://www.econbiz.de/10005620058
This article presents Turkey-Europe relations starting with the 19th century up to the present day with a view to … understanding the developments that shaped current EU policies toward Turkey. It also pays special attention to the Turkey …-EU Customs Union Decision. After making an overall assessment, the author makes some suggestions concerning Turkey's future …
Persistent link: https://www.econbiz.de/10008740568
An alternative theoretical setting is presented to characterise the money demand and the monetary equilibrium. Two main hypotheses are stated that contradict the assumptions normally sustained by scholars and policy-makers: National output is assumed to be a random variable, and people are...
Persistent link: https://www.econbiz.de/10013148534
The present study applies purpose-built dynamic computable general equilibrium models for Ghana and Kenya with a disaggregated country-specific representation of the power sector to simulate the prospective medium-run growth and distributional implications associated with a shift towards a...
Persistent link: https://www.econbiz.de/10012894601
Building upon earlier work by Willenbockel (2013; MPRA Paper No.51501), this study provides an extended ex-ante computable general equilibrium (CGE) assessment of the Tripartite Free Trade Agreement between the member states of the Common Market for Eastern and Southern Africa, the East African...
Persistent link: https://www.econbiz.de/10012894604
This paper compares the theory of value and distribution of Arrow and Debreu [1954] with that of Sraffa [1960]. I consider such versions of the two models that capture their salient features, without aiming at the greatest possible generality, so as to isolate the precise nature of the...
Persistent link: https://www.econbiz.de/10009370820
For any intransitive community preference, we construct a non-convex economy where all the marginal cost pricing general equilibria are Pareto inefficient (theorem 3.2). The result is valid without requiring a fixed income distribution rule (corollary 3.3). Intransitive community preferences are...
Persistent link: https://www.econbiz.de/10005623380
The purpose of this paper is to investigate the link between CSR growth and income distribution. We present a general equilibrium model where social responsibility enters both firms' and consumers' decisions. The model admits the existence of multiple equilibria, each of them characterized by a...
Persistent link: https://www.econbiz.de/10008574621