Possible Effects of Set-Aside Removal and Severe Draught in the EU and Turkey

Kiymaz T., ÇAĞATAY S.

NEW MEDIT, vol.8, no.2, pp.46-55, 2009 (SCI-Expanded) identifier identifier

  • Publication Type: Article / Article
  • Volume: 8 Issue: 2
  • Publication Date: 2009
  • Journal Name: NEW MEDIT
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Page Numbers: pp.46-55
  • Keywords: Set-aside policy, draught, partial equilibrium trade model
  • Akdeniz University Affiliated: Yes

Abstract

This paper is aimed at analyzing the impacts of policy measures taken in the EU and in Turkey to cope with the decrease in cereals and oilseeds Supply in both areas. Changes in the supply amount were found to have negligible effects on world prices and the removal of obligatory set-aside obviously seemed to be a partial solution for the problem of decreasing stocks and rising domestic prices. It the trade liberalization and how it was implemented were the main factors significantly affecting quantities and prices. In addition, the EU liberalization may substantially affect Turkey.