Turkish Delight: Does Turkey's Accession to the EU Bring Economic Benefits?

Arjan M Lejour, Ruud A. de Mooij

Research output: Working paperOther research output

Abstract

We explore the economic implications of the possible Turkish accession to the European Union. 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. European exports increase by around 20 percent. Turkey experiences larger economic gains than the EU: consumption per capita is estimated to rise by about 4 percent 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, consumption per capita in Turkey could raise by an additional 9 percent. These benefits would spill over to the EU.
Original languageEnglish
Place of PublicationMunich
PublisherCES
Number of pages33
Publication statusPublished - May 2004
Externally publishedYes

Publication series

NameWorking paper series / CESifo
Volume1183

Keywords

  • Wirkungsanalyse
  • Kosten-Nutzen-Analyse
  • EU-Erweiterung
  • EU-Staaten
  • Türkei

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