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eventual accession of Turkey to the European Union. The results of the simulations show that Turkey's accession to the European …% of the initial TFP gap between Turkey and the European Union. That figure becomes 45% when capital mobility is introduced …. -- European Union ; Turkey ; Enlargement ; Dynamic General Equilibrium ; Open Economy Macroeconomics …
Persistent link: https://www.econbiz.de/10008857835
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As the current financial crisis has shown, macroeconomic imbalances such as persistent current account and trade deficits, can seriously undermine a country's resilience to economic shocks. Maintaining and enhancing external competitiveness has thus become of increasing concern, particularly to...
Persistent link: https://www.econbiz.de/10013089487
The paper examines the effects of ageing and makes a case for partial pre-funding of pensions. The argument is based on inter-generational fairness in a situation where pension expenditure as compared to wages increases due to low fertility and increasing longevity. We illustrate the approach by...
Persistent link: https://www.econbiz.de/10013320958
Integration affects economic growth mainly through two different channels : The scale-effect channel and the factor-reallocation channel. In order to investigate both channels within a unifying framework, we employ a simple descriptive growth model. The scale-effect channel increases either the...
Persistent link: https://www.econbiz.de/10002240338
This paper elaborates on the evolution of the informal sector vis-à-vis the evolution of agricultural and formal sectors in a stylized developing country economy in process of growth. The analytical contribution of this essay extends the Ramsey theory of growth into a framework that includes an...
Persistent link: https://www.econbiz.de/10011528321
interaction between institutions and economic performance in Turkey. Co-integration analysis finds a long-run relationship between … institutions matter for economic performance in Turkey, even though the institutional quality of the country is not satisfactory …
Persistent link: https://www.econbiz.de/10011558534
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This article remarks that the activities of the international capital flows and the foreign direct investment increase, influence the growth process of countries. The economies attach more importance to these two factors in each passing day. On the other hand, the exposure degrees of host...
Persistent link: https://www.econbiz.de/10010380125