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This paper demonstrates that several types of dynamic trade effects can be easily quantified, at least roughly. These dynamic effects on output are found to be much larger than the static effects measured by existing empirical studies of trade liberalizations. The paper exposits and measures the Ricardian dynamic trade effect (the link between trade and steady-state level of productive factors). It also exposits and measures the Grossman-Helpman dynamic trade effect (the link between trade and the steady-state rate of accumulation of productive factors) by calibrating two of the "new" growth theory models.
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This paper shall investigate the trade integration between Turkey and the EU. The plan of the book is as follows. At first the historical background of the development concerning the trade relations between the two parties is conveyed. This includes the period from first association to implementing a customs union (CU) between Turkey and the European Union (EU) and to deeper integration abolishing barriers of trade until today.Subsequently an evaluation of the influence of the customs union follows in chapter 3 which constitutes the main part of the paper. Hereby the analysis is divided in
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