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Worthy transfers? : a dynamic analysis of Turkey's accession to the European Union
Ertan Özgüzer, Gül; Pensieroso, Luca - 2010
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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Worthy transfers? : a dynamic analysis of Turkey's accession to the European Union
Ertan Özgüzer, Gül; Pensieroso, Luca - 2009
Persistent link: https://www.econbiz.de/10003963831
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External Competitiveness of EU Candidate Countries
Orszaghova, Lucia - 2013
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
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A Case for Partial Funding of Pensions with an Application to the EU Candidate Countries
Oksanen, Heikki - 2021
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
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Turkey's Accession to the CISG : The Significance for Turkey and for Sales Transactions with U.S. Contracting Parties
Johnson, William P. - 2011
The United Nations Convention on Contracts for the International Sale of Goods (CISG) entered into force for Turkey on … August 1, 2011. This article considers the significance of Turkey’s accession to the CISG as part of Turkey’s continuing …
Persistent link: https://www.econbiz.de/10014176365
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Real convergence, financial markets, and the current account : emerging Europe versus emerging Asia
Herrmann, Sabine; Winkler, Adalbert - 2008
Global financial integration has been associated with divergent patterns of real convergence and the current account in emerging markets. While countries in emerging Asia have been running sizeable current account surpluses, countries in emerging Europe have been facing large current account...
Persistent link: https://www.econbiz.de/10011641238
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Can we prevent boom-bust cycles during euro area accession?
Brzoza-Brzezina, Michał; Jacquinot, Pascal; Kolasa, Marcin - 2010
Persistent link: https://www.econbiz.de/10008840800
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Can we prevent boom-bust cycles during euro area accession?
Brzoza-Brzezina, Michał; Jacquinot, Pascal; Kolasa, Marcin - 2010
Euro-area accession caused boom-bust cycles in several catching-up economies. Declining interest rates and easier financing conditions fuelled spending and worsened the current account balance. Over time inflation deteriorated external competitiveness and lowered domestic demand, turning the...
Persistent link: https://www.econbiz.de/10008771781
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Can We Prevent Boom-Bust Cycles During Euro Area Accession?
Brzoza-Brzezina, Michal - 2011
Euro-area accession caused boom-bust cycles in several catching-up economies. Declining interest rates and easier financing conditions fuelled spending and worsened the current account balance. Over time inflation deteriorated external competitiveness and lowered domestic demand, turning the...
Persistent link: https://www.econbiz.de/10013131035
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Can We Prevent Boom-Bust Cycles During Euro Area Accession?
Brzoza-Brzezina, Michal - 2010
Euro-area accession caused boom-bust cycles in several catching-up economies. Declining interest rates and easier financing conditions fuelled spending and worsened the current account balance. Over time inflation deteriorated external competitiveness and lowered domestic demand, turning the...
Persistent link: https://www.econbiz.de/10013135123