Turkey’s Evolving Trade Integration into Pan-European Markets
This is an empirical paper seeking to identify the mode of Turkey's integration into global markets in general, and pan-European markets in particular, as revealed in its trade performance. The analysis provides empirical support to the following observations. First, thanks to steady expansion...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/05/6764991/turkeys-evolving-trade-integration-pan-european-markets http://hdl.handle.net/10986/8677 |
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okr-10986-86772021-04-23T14:02:40Z Turkey’s Evolving Trade Integration into Pan-European Markets Kaminski, Bartlomiej Ng, Francis AGGREGATE TRADE AIRPORTS APPLIED TARIFF AVERAGE TARIFF BALANCE OF PAYMENTS BALANCE OF PAYMENTS CRISES CENTRAL ASIAN CENTRAL PLANNING COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVE MARKETS COMPETITIVENESS CONSUMERS CUSTOMS CUSTOMS PROCEDURES CUSTOMS UNION DOMESTIC PRODUCERS DRIVERS EAST EUROPEAN ECONOMIC POLICY EUROPEAN UNION EXCHANGE RATE EXPANSION OF TRADE EXPORT BASKET EXPORT GROWTH EXPORT PERFORMANCE EXPORT RECEIPTS EXPORT SHARE EXPORTS EXTERNAL MARKETS EXTERNAL TRADE FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN CURRENCY FOREIGN MARKETS FOREIGN TRADE FREE ACCESS FREE IMPORTS FREE MARKET ACCESS FREE TRADE FREE TRADE AGREEMENTS FREE TRADE AREA FREE TRADE AREAS GDP GDP PER CAPITA GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GLOBAL MARKETS GLOBAL TRADE GROWTH RATE IMPORT SHARE IMPORTED GOODS IMPORTS INDUSTRIAL PRODUCTS INDUSTRY TRADE LABOR INTENSIVE MACROECONOMIC CRISES MACROECONOMIC STABILITY MIDDLE EAST NETWORK OF FREE TRADE AGREEMENTS NON-TARIFF BARRIERS NORTH AFRICA OUTSOURCING POLICY RESEARCH PREFERENTIAL RULES PREFERENTIAL RULES OF ORIGIN PREFERENTIAL TREATMENT PROCESS OF TRADE LIBERALIZATION RULES OF ORIGIN TARIFF PROTECTION TARIFF RATES TECHNICAL BARRIERS TECHNICAL REGULATIONS TELECOMMUNICATIONS TERMS OF TRADE TOURISM TRADABLE GOODS TRADE AGREEMENTS TRADE EXPANSION TRADE IN GOODS TRADE IN SERVICES TRADE INTEGRATION TRADE LIBERALIZATION TRADE OPENNESS TRADE PERFORMANCE TRADE POLICY TRANSITION ECONOMIES TRANSPARENCY TRANSPORT TRANSPORT SERVICES TRANSPORTATION UNSKILLED LABOR VALUE ADDED VALUE OF EXPORTS VALUE OF IMPORTS WORLD MARKETS WORLD TRADE WTO This is an empirical paper seeking to identify the mode of Turkey's integration into global markets in general, and pan-European markets in particular, as revealed in its trade performance. The analysis provides empirical support to the following observations. First, thanks to steady expansion of trade in goods and services since the mid-1980s, Turkey has become highly integrated into the world economy. Second, Turkey's export performance in 1996-2004 in EU markets bears strong similarities to the aggregate performance of new EU members from Central Europe (EU-8). Similarities include dynamics, similar factors responsible for the increased presence in EU markets, factor content, and the role of "producer-driven" network trade. Turkey, together with Hungary, the Czech Republic, the Slovak Republic, Slovenia, Estonia, and Poland, stands as one of the top performers in "producer-driven" network trade indicating participation in a new global division of labor based on production fragmentation. The available evidence suggests an economic success story in the making. Export expansion owes a lot to improved policy environment and domestic liberalization. It is rather telling that the recent expansion has coincided with the implementation of most of the provisions of the EU-Turkey Customs Union Agreement, the completion of the removal of tariffs on trade in industrial products among pan-European parties to the Pan European Cumulation of Origin Agreement, and improved macroeconomic stability after the 2001 crisis. 2012-06-21T18:01:26Z 2012-06-21T18:01:26Z 2006-05 http://documents.worldbank.org/curated/en/2006/05/6764991/turkeys-evolving-trade-integration-pan-european-markets http://hdl.handle.net/10986/8677 English Policy Research Working Paper; No. 3908 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Turkey |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AGGREGATE TRADE AIRPORTS APPLIED TARIFF AVERAGE TARIFF BALANCE OF PAYMENTS BALANCE OF PAYMENTS CRISES CENTRAL ASIAN CENTRAL PLANNING COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVE MARKETS COMPETITIVENESS CONSUMERS CUSTOMS CUSTOMS PROCEDURES CUSTOMS UNION DOMESTIC PRODUCERS DRIVERS EAST EUROPEAN ECONOMIC POLICY EUROPEAN UNION EXCHANGE RATE EXPANSION OF TRADE EXPORT BASKET EXPORT GROWTH EXPORT PERFORMANCE EXPORT RECEIPTS EXPORT SHARE EXPORTS EXTERNAL MARKETS EXTERNAL TRADE FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN CURRENCY FOREIGN MARKETS FOREIGN TRADE FREE ACCESS FREE IMPORTS FREE MARKET ACCESS FREE TRADE FREE TRADE AGREEMENTS FREE TRADE AREA FREE TRADE AREAS GDP GDP PER CAPITA GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GLOBAL MARKETS GLOBAL TRADE GROWTH RATE IMPORT SHARE IMPORTED GOODS IMPORTS INDUSTRIAL PRODUCTS INDUSTRY TRADE LABOR INTENSIVE MACROECONOMIC CRISES MACROECONOMIC STABILITY MIDDLE EAST NETWORK OF FREE TRADE AGREEMENTS NON-TARIFF BARRIERS NORTH AFRICA OUTSOURCING POLICY RESEARCH PREFERENTIAL RULES PREFERENTIAL RULES OF ORIGIN PREFERENTIAL TREATMENT PROCESS OF TRADE LIBERALIZATION RULES OF ORIGIN TARIFF PROTECTION TARIFF RATES TECHNICAL BARRIERS TECHNICAL REGULATIONS TELECOMMUNICATIONS TERMS OF TRADE TOURISM TRADABLE GOODS TRADE AGREEMENTS TRADE EXPANSION TRADE IN GOODS TRADE IN SERVICES TRADE INTEGRATION TRADE LIBERALIZATION TRADE OPENNESS TRADE PERFORMANCE TRADE POLICY TRANSITION ECONOMIES TRANSPARENCY TRANSPORT TRANSPORT SERVICES TRANSPORTATION UNSKILLED LABOR VALUE ADDED VALUE OF EXPORTS VALUE OF IMPORTS WORLD MARKETS WORLD TRADE WTO |
| spellingShingle |
AGGREGATE TRADE AIRPORTS APPLIED TARIFF AVERAGE TARIFF BALANCE OF PAYMENTS BALANCE OF PAYMENTS CRISES CENTRAL ASIAN CENTRAL PLANNING COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVE MARKETS COMPETITIVENESS CONSUMERS CUSTOMS CUSTOMS PROCEDURES CUSTOMS UNION DOMESTIC PRODUCERS DRIVERS EAST EUROPEAN ECONOMIC POLICY EUROPEAN UNION EXCHANGE RATE EXPANSION OF TRADE EXPORT BASKET EXPORT GROWTH EXPORT PERFORMANCE EXPORT RECEIPTS EXPORT SHARE EXPORTS EXTERNAL MARKETS EXTERNAL TRADE FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN CURRENCY FOREIGN MARKETS FOREIGN TRADE FREE ACCESS FREE IMPORTS FREE MARKET ACCESS FREE TRADE FREE TRADE AGREEMENTS FREE TRADE AREA FREE TRADE AREAS GDP GDP PER CAPITA GENERALIZED SYSTEM OF PREFERENCES GLOBAL ECONOMY GLOBAL MARKETS GLOBAL TRADE GROWTH RATE IMPORT SHARE IMPORTED GOODS IMPORTS INDUSTRIAL PRODUCTS INDUSTRY TRADE LABOR INTENSIVE MACROECONOMIC CRISES MACROECONOMIC STABILITY MIDDLE EAST NETWORK OF FREE TRADE AGREEMENTS NON-TARIFF BARRIERS NORTH AFRICA OUTSOURCING POLICY RESEARCH PREFERENTIAL RULES PREFERENTIAL RULES OF ORIGIN PREFERENTIAL TREATMENT PROCESS OF TRADE LIBERALIZATION RULES OF ORIGIN TARIFF PROTECTION TARIFF RATES TECHNICAL BARRIERS TECHNICAL REGULATIONS TELECOMMUNICATIONS TERMS OF TRADE TOURISM TRADABLE GOODS TRADE AGREEMENTS TRADE EXPANSION TRADE IN GOODS TRADE IN SERVICES TRADE INTEGRATION TRADE LIBERALIZATION TRADE OPENNESS TRADE PERFORMANCE TRADE POLICY TRANSITION ECONOMIES TRANSPARENCY TRANSPORT TRANSPORT SERVICES TRANSPORTATION UNSKILLED LABOR VALUE ADDED VALUE OF EXPORTS VALUE OF IMPORTS WORLD MARKETS WORLD TRADE WTO Kaminski, Bartlomiej Ng, Francis Turkey’s Evolving Trade Integration into Pan-European Markets |
| geographic_facet |
Europe and Central Asia Turkey |
| relation |
Policy Research Working Paper; No. 3908 |
| description |
This is an empirical paper seeking to identify the mode of Turkey's integration into global markets in general, and pan-European markets in particular, as revealed in its trade performance. The analysis provides empirical support to the following observations. First, thanks to steady expansion of trade in goods and services since the mid-1980s, Turkey has become highly integrated into the world economy. Second, Turkey's export performance in 1996-2004 in EU markets bears strong similarities to the aggregate performance of new EU members from Central Europe (EU-8). Similarities include dynamics, similar factors responsible for the increased presence in EU markets, factor content, and the role of "producer-driven" network trade. Turkey, together with Hungary, the Czech Republic, the Slovak Republic, Slovenia, Estonia, and Poland, stands as one of the top performers in "producer-driven" network trade indicating participation in a new global division of labor based on production fragmentation. The available evidence suggests an economic success story in the making. Export expansion owes a lot to improved policy environment and domestic liberalization. It is rather telling that the recent expansion has coincided with the implementation of most of the provisions of the EU-Turkey Customs Union Agreement, the completion of the removal of tariffs on trade in industrial products among pan-European parties to the Pan European Cumulation of Origin Agreement, and improved macroeconomic stability after the 2001 crisis. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Kaminski, Bartlomiej Ng, Francis |
| author_facet |
Kaminski, Bartlomiej Ng, Francis |
| author_sort |
Kaminski, Bartlomiej |
| title |
Turkey’s Evolving Trade Integration into Pan-European Markets |
| title_short |
Turkey’s Evolving Trade Integration into Pan-European Markets |
| title_full |
Turkey’s Evolving Trade Integration into Pan-European Markets |
| title_fullStr |
Turkey’s Evolving Trade Integration into Pan-European Markets |
| title_full_unstemmed |
Turkey’s Evolving Trade Integration into Pan-European Markets |
| title_sort |
turkey’s evolving trade integration into pan-european markets |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/05/6764991/turkeys-evolving-trade-integration-pan-european-markets http://hdl.handle.net/10986/8677 |
| _version_ |
1764406113941323776 |