Turkey : Economic Reform and Accession to the European Union

This volume analyzes the economic challenges confronting Turkey in its quest to accede to the European Union (EU). It focuses on the extent to which Turkey is ready to join the Single Market, comply with the EU's body of economic regulations a...

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Main Authors: Hoekman, Bernard M., Togan, Sübidey
Format: Publication
Language:English
en_US
Published: Washington, DC: World Bank and Centre for Economic Policy Research 2012
Subjects:
CPI
GDP
GNP
OIL
WTO
Online Access:http://documents.worldbank.org/curated/en/2005/06/6431797/turkey-economic-reform-accession-european-union
http://hdl.handle.net/10986/7494
id okr-10986-7494
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTING
AFFILIATES
AGRICULTURAL COMMODITIES
AGRICULTURAL INCOMES
AGRICULTURAL MARKETS
AGRICULTURAL PRODUCTION
AGRICULTURAL PRODUCTS
AGRICULTURAL SECTOR
AGRICULTURAL SUPPORT
AGRICULTURAL TRADE
AGRICULTURE
ANTIDUMPING
AVERAGE TARIFF
BANK RESTRUCTURING
BANKING SECTOR
BANKING SERVICES
BANKING SYSTEM
BORDER TRADE
BUDGET CONSTRAINTS
CAPITAL ADEQUACY
CAPITAL ADEQUACY RATIOS
CAPITAL FLOWS
CAPITAL FORMATION
CENTRAL BANK
CENTRAL BANKS
COAL
COMPARATIVE ANALYSIS
COMPETITION POLICIES
CONCESSIONS
CONSUMER PRICE INDEX
CONSUMER PRICES
CONSUMERS
COUNTRY OF ORIGIN
CPI
CROP PRODUCTION
CURRENCY
CURRENT ACCOUNT
CURRENT ACCOUNT DEFICIT
DAIRY PRODUCTS
DEBT
DECISION MAKING
DEPOSITS
DEVELOPMENT STRATEGIES
ECONOMIC ACTIVITY
ECONOMIC CONDITIONS
ECONOMIC COOPERATION
ECONOMIC EFFECTS
ECONOMIC EXPANSION
ECONOMIC GROWTH
ECONOMIC IMPLICATIONS
ECONOMIC INTEGRATION
ECONOMIC POLICY
ECONOMIC REFORM
ECONOMIC RELATIONS
ECONOMIC STABILIZATION
ECONOMICS
ECONOMISTS
ELASTICITY
ENVIRONMENTAL
ENVIRONMENTAL COSTS
ENVIRONMENTAL POLICY
EQUILIBRIUM
EUROPEAN CENTRAL BANK
EXCHANGE RATE
EXCHANGE RATE MECHANISM
EXPENDITURES
EXPORT SUBSIDIES
EXPORTS
FINANCIAL STRENGTH
FINANCIAL STRENGTH RATING
FISCAL POLICY
FOREIGN DEBT
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN TRADE
FREE TRADE
FREE TRADE AGREEMENTS
GDP
GENERAL EQUILIBRIUM MODEL
GNP
GRAVITY EQUATION
GRAVITY ESTIMATES
GROSS DOMESTIC PRODUCT
GROSS FIXED CAPITAL FORMATION
GROSS NATIONAL PRODUCT
GROWTH RATE
HARD BUDGET CONSTRAINTS
HIGH UNEMPLOYMENT
IMPORT BARRIERS
IMPORT TARIFFS
IMPORTS
INCOME
INDUSTRIAL PRODUCTS
INFLATION
INFLATION RATE
INSURANCE
INTEREST RATES
LABOR FORCE
LABOR MARKET POLICIES
LAND USE
LEGAL FRAMEWORK
LEGISLATION
LIBERALIZATION OF TRADE
LIQUIDITY
MACROECONOMIC POLICIES
MACROECONOMIC SHOCKS
MACROECONOMIC STABILITY
MARKET ACCESS
MARKET PRICES
MARKET­CLEARING PRICES
MEAT
MIDDLE EAST
MIGRATION
MONETARY POLICY
MUTUAL RECOGNITION
NONPERFORMING LOANS
OIL
POLITICAL EFFECTS
POULTRY
PREFERENTIAL TRADE
PREFERENTIAL TRADE AGREEMENTS
PREFERENTIAL TREATMENT
PRICE CONTROLS
PRICE STABILITY
PRICE SUPPORT
PRICE SUPPORTS
PRIVATE CONSUMPTION
PRIVATIZATION
PRODUCERS
PRODUCTIVITY
PROFIT MARGINS
PROPERTY RIGHTS
PROTECTION RATES
PUBLIC DEBT
PUBLIC PARTICIPATION
PURCHASING POWER
QUOTAS
REAL EXCHANGE RATE
REAL GNP
REAL INCOME
REAL INTEREST RATE
RECAPITALIZATION
REDUCTION IN TARIFFS
REGIONAL INTEGRATION
REGULATORY REGIMES
RETURN ON EQUITY
SAVINGS
SECURITIES
STATE ENTERPRISES
SUBSIDIARY
SUGAR
SUGAR BEET
SUGAR BEETS
SUGAR PRODUCTS
SUSTAINABLE GROWTH
TARIFF EQUIVALENTS
TARIFF RATE
TARIFF RATES
TAX REVENUE
TELECOMMUNICATIONS
TOBACCO
TOTAL FACTOR PRODUCTIVITY
TOTAL OUTPUT
TRADE AGREEMENT
TRANSNATIONAL CORPORATIONS
TRANSPORT
UNEMPLOYMENT
UNEMPLOYMENT RATE
VALUE ADDED
VEGETABLES
WAGE DIFFERENTIALS
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
spellingShingle ACCOUNTING
AFFILIATES
AGRICULTURAL COMMODITIES
AGRICULTURAL INCOMES
AGRICULTURAL MARKETS
AGRICULTURAL PRODUCTION
AGRICULTURAL PRODUCTS
AGRICULTURAL SECTOR
AGRICULTURAL SUPPORT
AGRICULTURAL TRADE
AGRICULTURE
ANTIDUMPING
AVERAGE TARIFF
BANK RESTRUCTURING
BANKING SECTOR
BANKING SERVICES
BANKING SYSTEM
BORDER TRADE
BUDGET CONSTRAINTS
CAPITAL ADEQUACY
CAPITAL ADEQUACY RATIOS
CAPITAL FLOWS
CAPITAL FORMATION
CENTRAL BANK
CENTRAL BANKS
COAL
COMPARATIVE ANALYSIS
COMPETITION POLICIES
CONCESSIONS
CONSUMER PRICE INDEX
CONSUMER PRICES
CONSUMERS
COUNTRY OF ORIGIN
CPI
CROP PRODUCTION
CURRENCY
CURRENT ACCOUNT
CURRENT ACCOUNT DEFICIT
DAIRY PRODUCTS
DEBT
DECISION MAKING
DEPOSITS
DEVELOPMENT STRATEGIES
ECONOMIC ACTIVITY
ECONOMIC CONDITIONS
ECONOMIC COOPERATION
ECONOMIC EFFECTS
ECONOMIC EXPANSION
ECONOMIC GROWTH
ECONOMIC IMPLICATIONS
ECONOMIC INTEGRATION
ECONOMIC POLICY
ECONOMIC REFORM
ECONOMIC RELATIONS
ECONOMIC STABILIZATION
ECONOMICS
ECONOMISTS
ELASTICITY
ENVIRONMENTAL
ENVIRONMENTAL COSTS
ENVIRONMENTAL POLICY
EQUILIBRIUM
EUROPEAN CENTRAL BANK
EXCHANGE RATE
EXCHANGE RATE MECHANISM
EXPENDITURES
EXPORT SUBSIDIES
EXPORTS
FINANCIAL STRENGTH
FINANCIAL STRENGTH RATING
FISCAL POLICY
FOREIGN DEBT
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN TRADE
FREE TRADE
FREE TRADE AGREEMENTS
GDP
GENERAL EQUILIBRIUM MODEL
GNP
GRAVITY EQUATION
GRAVITY ESTIMATES
GROSS DOMESTIC PRODUCT
GROSS FIXED CAPITAL FORMATION
GROSS NATIONAL PRODUCT
GROWTH RATE
HARD BUDGET CONSTRAINTS
HIGH UNEMPLOYMENT
IMPORT BARRIERS
IMPORT TARIFFS
IMPORTS
INCOME
INDUSTRIAL PRODUCTS
INFLATION
INFLATION RATE
INSURANCE
INTEREST RATES
LABOR FORCE
LABOR MARKET POLICIES
LAND USE
LEGAL FRAMEWORK
LEGISLATION
LIBERALIZATION OF TRADE
LIQUIDITY
MACROECONOMIC POLICIES
MACROECONOMIC SHOCKS
MACROECONOMIC STABILITY
MARKET ACCESS
MARKET PRICES
MARKET­CLEARING PRICES
MEAT
MIDDLE EAST
MIGRATION
MONETARY POLICY
MUTUAL RECOGNITION
NONPERFORMING LOANS
OIL
POLITICAL EFFECTS
POULTRY
PREFERENTIAL TRADE
PREFERENTIAL TRADE AGREEMENTS
PREFERENTIAL TREATMENT
PRICE CONTROLS
PRICE STABILITY
PRICE SUPPORT
PRICE SUPPORTS
PRIVATE CONSUMPTION
PRIVATIZATION
PRODUCERS
PRODUCTIVITY
PROFIT MARGINS
PROPERTY RIGHTS
PROTECTION RATES
PUBLIC DEBT
PUBLIC PARTICIPATION
PURCHASING POWER
QUOTAS
REAL EXCHANGE RATE
REAL GNP
REAL INCOME
REAL INTEREST RATE
RECAPITALIZATION
REDUCTION IN TARIFFS
REGIONAL INTEGRATION
REGULATORY REGIMES
RETURN ON EQUITY
SAVINGS
SECURITIES
STATE ENTERPRISES
SUBSIDIARY
SUGAR
SUGAR BEET
SUGAR BEETS
SUGAR PRODUCTS
SUSTAINABLE GROWTH
TARIFF EQUIVALENTS
TARIFF RATE
TARIFF RATES
TAX REVENUE
TELECOMMUNICATIONS
TOBACCO
TOTAL FACTOR PRODUCTIVITY
TOTAL OUTPUT
TRADE AGREEMENT
TRANSNATIONAL CORPORATIONS
TRANSPORT
UNEMPLOYMENT
UNEMPLOYMENT RATE
VALUE ADDED
VEGETABLES
WAGE DIFFERENTIALS
WORLD TRADE
WORLD TRADE ORGANIZATION
WTO
Hoekman, Bernard M.
Togan, Sübidey
Turkey : Economic Reform and Accession to the European Union
geographic_facet Europe and Central Asia
Asia
Europe
Middle East
Eastern Europe
Turkey
description This volume analyzes the economic challenges confronting Turkey in its quest to accede to the European Union (EU). It focuses on the extent to which Turkey is ready to join the Single Market, comply with the EU's body of economic regulations and directives, the Acquis Communautaire, and meet the Maastricht criteria for fiscal, monetary, and exchange rate policies. This book also provides an assessment of Turkey's national program to meet the accession requirements. It describes briefly what Turkey needs to achieve on the economic policy front to satisfy the conditions for accession, the progress to date, and the likely consequences of implementing the full body of EU requirements. The book is divided into four parts: 1) An analysis of the macroeconomic policies for EU accession; 2) An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries; 3) An exploration of key economic policy challenges, including labor market regulation, foreign direct investment challenges, and the costs and benefits of meeting the EU environmental Acquis; and 4) The quantification of the impact of EU accession and consideration of the welfare effects of integration. While the focus is on the specific situation of Turkey, the subject will be of value to all researchers with an interest in the challenges of deeper integration through regional agreements.
format Publications & Research :: Publication
author Hoekman, Bernard M.
Togan, Sübidey
author_facet Hoekman, Bernard M.
Togan, Sübidey
author_sort Hoekman, Bernard M.
title Turkey : Economic Reform and Accession to the European Union
title_short Turkey : Economic Reform and Accession to the European Union
title_full Turkey : Economic Reform and Accession to the European Union
title_fullStr Turkey : Economic Reform and Accession to the European Union
title_full_unstemmed Turkey : Economic Reform and Accession to the European Union
title_sort turkey : economic reform and accession to the european union
publisher Washington, DC: World Bank and Centre for Economic Policy Research
publishDate 2012
url http://documents.worldbank.org/curated/en/2005/06/6431797/turkey-economic-reform-accession-european-union
http://hdl.handle.net/10986/7494
_version_ 1764399780799184896
spelling okr-10986-74942021-05-06T17:36:47Z Turkey : Economic Reform and Accession to the European Union Hoekman, Bernard M. Togan, Sübidey ACCOUNTING AFFILIATES AGRICULTURAL COMMODITIES AGRICULTURAL INCOMES AGRICULTURAL MARKETS AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURAL SUPPORT AGRICULTURAL TRADE AGRICULTURE ANTIDUMPING AVERAGE TARIFF BANK RESTRUCTURING BANKING SECTOR BANKING SERVICES BANKING SYSTEM BORDER TRADE BUDGET CONSTRAINTS CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL FLOWS CAPITAL FORMATION CENTRAL BANK CENTRAL BANKS COAL COMPARATIVE ANALYSIS COMPETITION POLICIES CONCESSIONS CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS COUNTRY OF ORIGIN CPI CROP PRODUCTION CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DAIRY PRODUCTS DEBT DECISION MAKING DEPOSITS DEVELOPMENT STRATEGIES ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC COOPERATION ECONOMIC EFFECTS ECONOMIC EXPANSION ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC REFORM ECONOMIC RELATIONS ECONOMIC STABILIZATION ECONOMICS ECONOMISTS ELASTICITY ENVIRONMENTAL ENVIRONMENTAL COSTS ENVIRONMENTAL POLICY EQUILIBRIUM EUROPEAN CENTRAL BANK EXCHANGE RATE EXCHANGE RATE MECHANISM EXPENDITURES EXPORT SUBSIDIES EXPORTS FINANCIAL STRENGTH FINANCIAL STRENGTH RATING FISCAL POLICY FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN TRADE FREE TRADE FREE TRADE AGREEMENTS GDP GENERAL EQUILIBRIUM MODEL GNP GRAVITY EQUATION GRAVITY ESTIMATES GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL PRODUCT GROWTH RATE HARD BUDGET CONSTRAINTS HIGH UNEMPLOYMENT IMPORT BARRIERS IMPORT TARIFFS IMPORTS INCOME INDUSTRIAL PRODUCTS INFLATION INFLATION RATE INSURANCE INTEREST RATES LABOR FORCE LABOR MARKET POLICIES LAND USE LEGAL FRAMEWORK LEGISLATION LIBERALIZATION OF TRADE LIQUIDITY MACROECONOMIC POLICIES MACROECONOMIC SHOCKS MACROECONOMIC STABILITY MARKET ACCESS MARKET PRICES MARKET­CLEARING PRICES MEAT MIDDLE EAST MIGRATION MONETARY POLICY MUTUAL RECOGNITION NONPERFORMING LOANS OIL POLITICAL EFFECTS POULTRY PREFERENTIAL TRADE PREFERENTIAL TRADE AGREEMENTS PREFERENTIAL TREATMENT PRICE CONTROLS PRICE STABILITY PRICE SUPPORT PRICE SUPPORTS PRIVATE CONSUMPTION PRIVATIZATION PRODUCERS PRODUCTIVITY PROFIT MARGINS PROPERTY RIGHTS PROTECTION RATES PUBLIC DEBT PUBLIC PARTICIPATION PURCHASING POWER QUOTAS REAL EXCHANGE RATE REAL GNP REAL INCOME REAL INTEREST RATE RECAPITALIZATION REDUCTION IN TARIFFS REGIONAL INTEGRATION REGULATORY REGIMES RETURN ON EQUITY SAVINGS SECURITIES STATE ENTERPRISES SUBSIDIARY SUGAR SUGAR BEET SUGAR BEETS SUGAR PRODUCTS SUSTAINABLE GROWTH TARIFF EQUIVALENTS TARIFF RATE TARIFF RATES TAX REVENUE TELECOMMUNICATIONS TOBACCO TOTAL FACTOR PRODUCTIVITY TOTAL OUTPUT TRADE AGREEMENT TRANSNATIONAL CORPORATIONS TRANSPORT UNEMPLOYMENT UNEMPLOYMENT RATE VALUE ADDED VEGETABLES WAGE DIFFERENTIALS WORLD TRADE WORLD TRADE ORGANIZATION WTO This volume analyzes the economic challenges confronting Turkey in its quest to accede to the European Union (EU). It focuses on the extent to which Turkey is ready to join the Single Market, comply with the EU's body of economic regulations and directives, the Acquis Communautaire, and meet the Maastricht criteria for fiscal, monetary, and exchange rate policies. This book also provides an assessment of Turkey's national program to meet the accession requirements. It describes briefly what Turkey needs to achieve on the economic policy front to satisfy the conditions for accession, the progress to date, and the likely consequences of implementing the full body of EU requirements. The book is divided into four parts: 1) An analysis of the macroeconomic policies for EU accession; 2) An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries; 3) An exploration of key economic policy challenges, including labor market regulation, foreign direct investment challenges, and the costs and benefits of meeting the EU environmental Acquis; and 4) The quantification of the impact of EU accession and consideration of the welfare effects of integration. While the focus is on the specific situation of Turkey, the subject will be of value to all researchers with an interest in the challenges of deeper integration through regional agreements. 2012-06-08T13:59:21Z 2012-06-08T13:59:21Z 2005 http://documents.worldbank.org/curated/en/2005/06/6431797/turkey-economic-reform-accession-european-union 0-8213-5932-0 http://hdl.handle.net/10986/7494 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank and Centre for Economic Policy Research Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Asia Europe Middle East Eastern Europe Turkey