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| 1 |
ID:
099310
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| Publication |
2010.
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| Summary/Abstract |
The purpose of this paper is to analyze the economic and environmental implications of Turkey's possible accession to the European Union (EU). The paper focuses on the impacts of three main components of Turkey's possible EU membership: (i) the free movement of labor between the EU and Turkey, (ii) the free movement of capital, and (iii) the burden-sharing of Turkey in terms of the EU's environmental objectives in the horizon of 2020, that is, the reduction of carbon emissions. Among these, a particular focus is placed on the influence of the CO2 emission reduction targets in both regions and their consequences on the carbon price in 2020. We estimate the resource allocation effects of EU climate change policies on both regions by taking into account the likely labor movement from Turkey to the EU and capital movement in the reverse direction. The results show that different emission targets for the two regions bring about a change in comparative advantages and thus a change in interregional competitiveness.
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| 2 |
ID:
103476
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| Publication |
2011.
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| Summary/Abstract |
As a small open economy, Turkey depends on both imported oil and natural gas, importing almost two-thirds of its primary energy demand. This paper analyzes the economic effects of oil price shocks for Turkey as a small, open oil- and gas-importing country. To analyze the potential long-term effects of oil price shocks on macroeconomic variables of interest, including GDP, consumer price inflation, indirect tax revenues, trade balance, and carbon emissions, we developed TurGEM-D, a dynamic multisectoral general equilibrium model for the Turkish economy. Using TurGEM-D, we analyzed the impact of oil price shocks under three distinct scenarios: reference, high and low oil prices. The simulation results show that these oil prices have very significant effects on macro indicators and carbon emissions in the Turkish economy.
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| 3 |
ID:
112244
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| Publication |
2012.
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| Summary/Abstract |
The aim of this paper is to examine the economic impact of the royalty reform. The draft Turkish petroleum Law introduces two important fiscal changes to increase to increase domestic petroleum production, further national petroleum supply, attract investors and harmonize its laws with those of the European Community: (1) progressive sliding royalty relief on oil and gas production leases and (2) 50% of the royalty shall be transferred to province where the production lease exists.Results included in this analysis indicate that there would be 2% increase in oil production thanks to 128 oil fields extending economic life and 0.5% increase in gas production thanks to 63 gas fields due to their profitability in the forecasted period. Half of royalty is transferred to low per capita income provinces and tends to contribute distribution of income. However, half of gas royalty is transferred to high income per capita provinces.
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