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This paper presents a model of endogenous growth in which the main engine of economic development is knowledge. Using a two-sector closed economy model that comprises of a conventional goods-producing sector and a research and development sector, our model incorporates two key aspects of knowledge: technology and human capital. Steady-state equilibrium conditions show that the growth rate of per capita income hinges on the growth rate of human capital. While the growth rate of human capital has been previously shown to affect the growth of the economy in transition between steady states or balanced growth paths, this paper is the first to link the growth rate of human capital to the steady-state growth rate of productivity and output per worker. Furthermore, this result does not exhibit scale effects or policy invariance, both of which have been longstanding concerns with the predictions of endogenous growth models developed in the 1990s.

Capita Income --- Capital --- Capital Accumulation --- Capital Stock --- Conventional Wisdom --- E-Business --- Economic Development --- Economic Growth --- Economic Theory and Research --- Emerging Markets --- Factors Of Production --- Growth --- Growth Rate --- Growth Rate of Output --- Growth Rates --- Inequality --- International Economics & Trade --- Labor --- Labor Force --- Level Of Technology --- Macroeconomics and Economic Growth --- Neoclassical Models --- Political Economy --- Poverty Reduction --- Private Sector Development --- Pro-Poor Growth --- Production Function --- Sector Model --- State Equilibrium --- Technical Progress --- Trade and Regional Integration --- Trade Liberalization

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The inclusion of agricultural products in the current customs union is one of the potential future steps on the road to further political and economic integration between Turkey and the EU. This book examines the effects of such integration of agricultural markets on the Turkish agricultural sector as well as on consumers and the Turkish budget. Results are compared to alternative options for Turkish agricultural policy. To this aim, a detailed partial equilibrium model of the Turkish agricultural sector is developed. The complete liberalization of the agricultural sector is found to lead to significant welfare gains compared to the maintenance of current policies. It appears that including agricultural products in the customs union results in similar results with few but significant exemptions.

Literary studies: general --- Political science & theory --- Economic theory & philosophy --- Agriculture & related industries --- Agricultural science --- Produce trade --- Customs unions --- Turkey --- European Union countries --- Commerce --- Free trade areas --- Tariff unions --- Commercial policy --- International economic integration --- Second best, Theory of --- Tariff --- Agricultural marketing --- Agricultural products --- Food trade --- Agriculture --- Food industry and trade --- Commodity exchanges --- Farm produce --- Economic aspects --- EU countries --- Euroland --- Europe --- Anatolia --- Anatolie --- Ānātūlī --- Asia Minor --- Asia Minore --- Bu̇gd Naĭramdakh Turk Uls --- Buturuki --- Cộng hoà Thỏ̂ Nhĩ Kỳ --- Dēmokratia tēs Tourkias --- Devlet-i Aliye Osmaniye --- Durka --- Durkka dásseváldi --- Gweriniaeth Twrci --- Jamhuri ya Uturuki --- Jamhuuriyada Turki --- Jumhūrīyah al-Turkīyah --- Komara Tirkiyeyê --- Lýðveldið Turkaland --- Lýðveldið Tyrkland --- Orílẹ̀-èdè Olómìnira ilẹ̀ Túrkì --- Osmanlı İmparatorluğu --- Osmanskai︠a︡ Imperii︠a︡ --- Ottoman Empire --- Pobblaght ny Turkee --- Poblacht na Tuirce --- Repóbblica d'l Turchî --- Repubbleche de Turchie --- Repubblica di Turchia --- Republic of Turkey --- Republic of Türkiye --- República da Turquia --- Republica de Turchia --- Republica de Turquía --- Republica Turcia --- Republiek Turkeye --- Republiek Turkije --- Republiek van Turkye --- Republik bu Tirki --- Republik Tierkei --- Republik Turkäi --- Republik Türkei --- Républik Turki --- Republik Turkia --- Republika e Turqisë --- Republika ng Turkiya --- Repùblika Tërecczi --- Republika Turcija --- Republika Turcji --- Republika Turcyje --- Republika Turecko --- Republika Turkiya --- Republika Turkojska --- Republika Turska --- Republika Turt︠s︡ii︠a︡ --- Republiḳah ha-Ṭurḳiyah --- Republiken Turkiet --- Republikken Tyrkia --- Republikken Tyrkiet --- République de Turquie --- République turque --- Repuvlika de Turkiya --- Ripablik kya Buturuki --- Ripoliku Turkiyakondre --- T.C. (Türkiye Cumhuriyeti) --- Tagduda n Tturk --- TC --- Teki --- Tëreckô --- Ṭerḳay --- Ṭerḳishe Republiḳ --- Thekhi --- Thỏ̂ Nhĩ Kỳ --- Thú-ngí-khì --- Tiakei --- Tierkei --- Tiki --- Tirki --- Tırkiya --- Tirkiye --- Ti︠u︡rk --- Ti︠u︡rk Respublika --- Ti︠u︡rkii︠a︡ --- Ti︠u︡rkii︠a︡ Respublika --- Tlacatlahtocayotl Turquia --- Tʻŏkʻi --- T'ŏk'i Konghwaguk --- Tʼóok Bikéyah --- Torkėjė --- Tȯrkiă --- Törkie --- Törkieë --- Tȯrkii︠a︡ --- Tȯrkii︠a︡ Jȯmḣu̇rii︠a︡te --- Török Köztársaság --- Törökország --- Toruko --- Toruko Kyōwakoku --- Tourkia --- Tourkikē Dēmokratia --- Tturk --- Tu er qi gong he guo --- Tū-ī-gì --- Tū-ī-gì Gê̤ṳng-huò-guók --- Tu'erqi --- Tu'erqi gong he guo --- Tu'erqi Gongheguo --- Tuirc --- Tunkī --- Turchî --- Turchia --- Turchie --- Turchy Respublikæ --- Turcia --- Turcija --- Turcijas Republika --- Turcja --- Turcland --- Turcyjo --- Turechchyna --- Turecká republika --- Turecko --- Tureke --- Turet︠s︡ka Respublika --- Turėtskai︠a︡ Rėspublika --- Tureuki --- Türgi --- Türgi Vabariik --- Türgü --- Türgü Vabariik --- Turk --- Turkäi --- Turkaland --- Turkamastor --- Türkän --- Turkanʹ respubliksʹ --- Turkee --- Türkei --- Turkeya --- Turkeye --- Turki --- Turkia --- Turkia Respubliko --- Turkieë --- Turkiet --- Turkii --- Tu̇rkii︠a︡ --- Tu̇rkii︠a︡ Respublikasy --- Tu̇rkiĭė --- Tu̇rkiĭė Respublikata --- Turkija --- Turkije --- Turkin tasavalta --- Turkio --- Turkiyā --- Turkiya Republika --- Türkiyä Respublikası --- Turkiyah --- Turkiyakondre --- Türkiye --- Türkiye Cumhuriyeti --- Türkiýe Respublikasy --- Turkki --- Turkojska --- Turkowska --- Turkujo --- Turkya --- Turkyah --- Turkye --- Turqia --- Turquía --- Turquie (Repupblic) --- Turska --- Turtchie --- Turt︠s︡i --- Turt︠s︡i Respubliki --- Turt︠s︡iĭ --- Turt︠s︡ii︠a︡ --- Turtsyi︠a︡ --- Turukiya --- Tuykia --- Twrci --- Tyrkia --- Tyrkiet --- Tyrkland --- Tẏrt︠s︡i --- Uturuki --- Vysokai︠a︡ Porta --- Whenua Korukoru --- Τουρκική Δημοκρατία --- Τουρκία --- Δημοκρατία της Τουρκίας --- Република Турска --- Република Турция --- Република Турција --- Турска --- Турцыя --- Турци --- Турци Республики --- Турция --- Турција --- Турций --- Турція --- Турчы Республикæ --- Турэцкая Рэспубліка --- Турк --- Туркань республиксь --- Туркамастор --- Турецька Республіка --- Турецка Республіка --- Турецкая Республика --- Туреччина --- Тюрк --- Тюрк Республика --- Тюркия --- Тюркия Республика --- רפובליקה הטורקית --- תורכיה --- טערקישע רעפובליק --- טערקיי --- טורקיה --- تركيا --- جمهورية التركية --- トルコ --- トルコ共和国 --- 土耳其 --- 土耳其共和國 --- 터키 --- 터키 공화국 --- Agraraußenhandel --- Agrarmarktpolitik --- Agricultural --- Agricultural Markets --- agricultural sector model --- agricultural trade --- Analysis --- between --- Customs --- Effects --- Equilibrium --- EU --- Europäische Union --- Grethe --- Including --- Partial --- Produc --- Products --- Türkei --- Union --- Zollunion