Adam, Antonis; Moutos, Thomas - In: The World Economy 31 (2008) 5, pp. 685-700
In the present study we argue that the salient features of both the EU-15 countries and Turkey are conducive to making the effects of the 1995 EU-Turkey customs union asymmetric among the incumbent EU countries. In order to support our argument we rely on a model in which trade involves the...