This research considers the effects of Turkish entry into the European Union by comparing the impacts of different scenarios. To model the impacts of these scenarios we made use of a general equilibrium modeling framework. The model considers the changes in different macroeconomic indicators and has important specifications: imperfect competition in the Turkish manufacturing sector and differntiated factors in the production process. The results indicate that full membership appears to be the most benficial scenario for the Turkish economy. However, the political sensitivities may complicate efforts to employ appropriate economic policies suggested in the research.
Political Economy, General Equilibrium, European Union, Turkey
How to Cite
Bekmez S. & University of Idaho, (2002) “The Political Economy of Turkish-European Relations and the Macroeconomic Impact of Full Mmebership”, American Review of Political Economy 1(1). doi: https://doi.org/10.38024/arpe.70