Assessing the Economic Implications of Turkish Accession to the EU

(Arjan Marcel) Lejour, (Rudolf Aloysius) Mooij, C.H Capel

Research output: Book/ReportReport

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Abstract

We focus on three main changes associated with Turkish membership: (i) accession to the internal European Market; (ii) institutional reforms in Turkey triggered by EU-membership; and (iii) migration in response to the free movement of workers.

Overall, the macroeconomic implications for EU countries are small but positive, through cheaper imports and the benefits from trade creation. Dutch exports increase by around 20% (550 million euro). Turkey experiences larger economic gains than the EU: consumption per capita is estimated to rise by about 4% as a result of accession to the internal market and free movement of labour.

If Turkey would succeed in reforming its domestic institutions in response to EU-membership, economic growth in Turkey could increase more. In particular, tentative estimates suggest that consumption per capita in Turkey could rise by an additional 9%. These benefits would spill over to the EU. For instance, Dutch exports to Turkey would rise by another 1.8 billion euro and income by 500 million euro.
Original languageEnglish
Place of PublicationThe Hague
PublisherCPB Netherlands Bureau for Economic Policy Analysis
Number of pages58
ISBN (Print)9789058331663, 9058331660
Publication statusPublished - 2004
Externally publishedYes

Publication series

NameCPB document
Volumeno. 56

Keywords

  • Turkije
  • Turkey
  • Europe
  • European Union countries
  • Economic policy
  • International economic relations
  • Europese integratie
  • Economic history

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