Turkey

Bernard M. Hoekman And Sübidey Togan

Description

What requirements must Turkey-the largest country among the candidate and accession countries-meet to join the European Union? What progress has been made toward meeting them?
This timely volume analyzes the economic challenges confronting Turkey in its quest to accede to the European Union (EU). It focuses on the extent to which Turkey is ready to join the Single Market, comply with the EU's body of economic regulations and directives, the 'Acquis Communautaire', and meet the Maastricht criteria for fiscal, monetary, and exchange rate policies.
This book also provides an assessment of Turkey's national program to meet the accession requirements. It describes briefly what Turkey needs to achieve on the economic policy front to satisfy the conditions for accession, the progress to date, and the likely consequences of implementing the full body of EU requirements.
The book is divided into four parts:
▪ An analysis of the macroeconomic policies for EU accession
▪ An analysis of the effects of integration on key sectors: agriculture; manufacturing; services industries, including banking, telecommunications, transportation, and natural gas; and network industries
▪ An exploration of key economic policy challenges, including labor market regulation, foreign direct investment challenges, and the costs and benefits of meeting the EU environmental 'Acquis'
▪ The quantification of the impact of EU accession and consideration of the welfare effects of integration
While the focus is on the specific situation of Turkey, the subject will be of value to all researchers with an interest in the challenges of deeper integration through regional agreements.

Sujets

• Turkey
• Enlargement of the European Union

Informations

• Publié par: world-bank-publications
• Publié le: 20 juin 2005
• Nombre de lectures: 13
• EAN13: 9780821360842
• Langue: English
• Poids de l'ouvrage: 2 Mo

Extrait

TURKEY
Economic Reform &
accession to
the European Union
Editors
Bernard M. Hoekman • Sübidey ToganG
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a
nTurkey: Economic Reform
and Accession to the
European UnionTurkey: Economic
Reform and
Accession to the
European Union
Editors
Bernard Hoekman and Sübidey Togan
A copublication of the World Bank and the Centre for Economic Policy Research© 2005 The International Bank for Reconstruction and Development / The World Bank
1818 H Street, NW
Washington, DC 20433
Telephone [phone]
Internet www.worldbank.org
E-mail feedback@w
All rights reserved.
A copublication of the World Bank and the Centre for Economic Policy Research
123408070605
The findings, interpretations, and conclusions expressed herein are those of the author(s) and do not necessarily
reflect the views of the Board of Executive Directors of the World Bank or the governments they represent.
The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors,
denominations, and other information shown on any map in this work do not imply any judgment on the part of the
World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.
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Cover: Design by Tomoko Hirata. Photographs courtesy of the Ministry of Culture and Tourism of Turkey.
Library of Congress Cataloging-in-Publication Data
Turkey: economic reform and accession to the European Union / edited by Sübidey Togan, Bernard Hoekman.
p. cm.—(Trade and development series)
Includes bibliographical references and index.
ISBN 0-8213-5932-0 (pbk.)
1. Turkey—Economic policy. 2. Turkey—Economic conditions. 3. European Union—Membership. 4. International
economic integration. I. Togan, Sübidey. II. Hoekman, Bernard M., 1959- . III. Series.
HC492.T8576 2005
330.9561'04—dc22 2004063747
ISBN 0-8213-5932-0
E-ISBN 0-8213-6084-1
DOI 10.1596/978-0-8213-5932-0Contents
Acknowledgments xi
List of Contributors xiii
Acronyms and Abbreviations xv
Overview xvii
PART I: MACROECONOMIC POLICIES FOR EU ACCESSION 1
1 MACROECONOMIC POLICIES FOR TURKEY’S ACCESSION TO THE EU 3
Sübidey Togan and Hasan Ersel
PART II: AGRICULTURE, MANUFACTURING, SERVICES, AND
NETWORK INDUSTRIES 37
2 ANALYSIS OF THE IMPACT OF EU ENLARGEMENT ON THE AGRICULTURAL
MARKETS AND INCOMES OF TURKEY 39
Sübidey Togan, Ahmet Bayener, and John Nash
3 INTEGRATION AND THE MANUFACTURING INDUSTRY 87
Sübidey Togan, Hüsamettin Nebiog ˘ lu, and Saadettin Dog ˘an
4 ACCESSION OF TURKEY TO THE EUROPEAN UNION: MARKET ACCESS AND
REGULATORY ISSUES 123
Joseph Francois
5 THE TURKISH TELECOMMUNICATIONS SECTOR: A COMPARATIVE ANALYSIS 147
Erkan Akdemir, Erdem Bas ¸çı, and Gareth Locksley
6 ACCESSION TO THE EUROPEAN UNION: POTENTIAL IMPACTS
ON THE TURKISH BANKING SECTOR 161
Ceyla Pazarbas ¸ıog˘lu
7 COMPETITION AND REGULATORY REFORM IN TURKEY’S
ELECTRICITY INDUSTRY 187
.
Izak Atiyas and Mark Dutz
8 INSTITUTIONAL ENDOWMENT AND REGULATORY REFORM
IN TURKEY’S NATURAL GAS SECTOR 209
Maria Rita Mazzanti and Alberto Biancardi
vvi Contents
PART III: ECONOMIC CHALLENGES 221
9 LABOR MARKET POLICIES AND EU ACCESSION: PROBLEMS
AND PROSPECTS FOR TURKEY 223
Erol Taymaz and S ¸ule Özler
10 TURKEY’S FOREIGN DIRECT INVESTMENT CHALLENGES: COMPETITION,
THE RULE OF LAW, AND EU ACCESSION 261
Mark Dutz, Melek Us, and Kamil Yılmaz
11 TURKEY ON THE PATH TO EU ACCESSION: THE ENVIRONMENTAL ACQUIS 295
Anil Markandya
PART IV: IMPLICATIONS OF EU ACCESSION FOR TURKEY AND THE EU 309
12 ECONOMIC IMPLICAACCESSION FOR TURKEY 311
Sübidey Togan
13 THE IMPACT OF TURKEY’S MEMBERSHIP ON EU VOTING 331
Richard Baldwin and Mika Widgrén
14 ECONOMIC EFFECTS OF TURKEY’S MEMBERSHIP ON THE EUROPEAN UNION 341
Harry Flam
INDEX 353
LIST OF BOXES, FIGURES, AND TABLES
BOXES
7.1 California’s Electricity Crisis 205
11.1 The Experience of the World Bank with Water Utilities
in the Baltic States 299
FIGURES
1.1 Inflation and the Growth Rate of Reserve Money: January 1987–September 2004 4
1.2 Inflation and the Rate of Depreciation of Turkish Lira: Januarember 2004 4
1.3 Current-Account-to-GDP Ratio, 1975–2004 7
1.4 Real Exchange Rate, 1980–2004 7
1.5 Real Interest Rate, January 1990–October 2003 9
3.1 Average Value of Manufacturing Industry Markup, 1980–2000 116
4.1 Comparison of Regulatory Regimes 138
4.2 Decomposition of Overall Transport Regulation Index 139
4.3 Armington Aggregation Nest 142
4.4 Trading Costs in the Services Sector 143
4.5 Basic Features of the Simulation Model 143
5.1 Telecommunications Revenue in GDP 148
5.2 Households with Fixed-Line Telephone Service 149
5.3 Fixed-Line Penetration Rates 149
5.4 Largest City/Overall Country Teledensity Ratio 149
5.5 Investment in Telecommunications 149
5.6 Mobile Penetration Rates 150
5.7 Households with Internet Access 150Contents vii
5.8 Regular Users of Internet in Population 150
5.9 Internet Access Costs 150
5.10 Regular Use versus Dial-up Access Costs of Internet 151
5.11 Penetration veAccess Costs of Internet 151
5.12 Personal Computer Use 151
5.13 Residential Monthly Access Fee (Including Value Added Tax) for Fixed-Line
Telephone Service 152
5.14 Cost (Including Value Added Tax) of a Three-Minute Economy Local Call 152
5.15 Quality of Service 152
5.16 International Telephone Traffic 152
5.17 Basket of National Calls 157
5.18 Basket ofInternational Calls157
6.1 Turkish Bank Restructuring Strateg