After the enlargement of 2004, the European Union (EU) has introduced an open-ended framework for accession negotiations. Although the ultimate aim is to ensure the integration of candidate countries, the timing and modality of the membership is not guaranteed in advance. This article utilizes a...

The public debate on Turkey’s EU membership has tended to focus on political issues. However, economic implications of Turkey’s membership are no less significant – both for the EU and for Turkey. Therefore, we aim to disentangle the costs and benefits associated with Turkey’s EU...

This paper is a stock-taking exercise that brings together existing findings and new insights on the potential costs and benefits of EU membership for both Turkey and the EU. As far as Turkey is concerned, we focus on the costs and benefits of EU membership that are likely to result from...