The paper studying the 1995 EU-Turkey Customs Union (CU) delivers a quantitative assessment of trade and GDP per capita effects of the CU on the Turkish economy. Our Synthetic Control Method based analysis reveals, contrary to the results of most studies in the literature, that the CU's effects have been substantial by any standards. In particular, the paper shows that in the absence of the EU-Turkey CU, Turkish exports to the EU and GDP per capita would have been 38 per cent and 13 per cent less, respectively.The EU-Turkey CU Decision (CUD) of 1995 required Turkey to eliminate all customs duties, quantitative restrictions, charges with an equivalent effect to customs duties, and all measures with an equivalent effect to quantitative restrictions in the trade of industrial

No abstract

As a result of deadlocked multilateral trade negotiations, many countries have embarked on the establishment of bilateral and regional trade agreements. Using the Global Trade Analysis Project database and a computable general equilibrium model, our paper focuses on the impacts of the Transatlantic Trade and Investment Partnership (TTIP) and the Trans‐Pacific Partnership (TPP) on the Chinese economy under three scenarios. The results suggest that when only the TTIP is realized, Chinese economic variables are negatively affected. When both the TTIP and the TPP are realized and China is excluded, the combined damage to the Chinese economy is higher than the damage with the TTIP alone. However, the inclusion of China in the TPP has a positively effect on economic variables in China. This indicates that the impacts of China's participation in the TPP compensate for the negative impacts of the TTIP. Therefore, China should consider being part of the TPP to offset the negative impacts of the TTIP.

No abstract

No abstract