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AN INTERTEMPORAL, MULTI-REGION GENERAL EQUILIBRIUM MODEL OF AGRICULTURAL TRADE LIBERALIZATION IN THE SOUTH MEDITERRANEAN NICs, TURKEY, AND THE EUROPEAN UNION AgEcon
Bayar, Ali; Diao, Xinshen; Yeldan, A. Erinc.
With the aid of an intertemporal, multi-region general equilibrium model, we study issues of agricultural trade liberalization, growth and capital accumulation in the context of a world economy moving towards a multi-polar structure. We specifically focus on Turkey, the European Union, the Middle East, and the Economies in Transition; and study alternative scenarios of formation of customs unions and increased trade orientation. The model is based on intertemporal general equilibrium theory with Ramsey-type dynamics. The world economy is fully endogenized within a 9-region specification, with Turkey, EU, Middle East and the Transition Economies constituting as one of the indigenous regions. A key feature of the model is its explicit recognition of both the...
Tipo: Working or Discussion Paper Palavras-chave: International Relations/Trade.
Ano: 2000 URL: http://purl.umn.edu/16276
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