(Atatürk Üniversitesi İİBF, 2014) Gürsoy, Bilge; Gürsoy, Bilge
The study aims to analyze whether Turkey has internalized its
goal of full membership in the European Union by taking into account Turkey’s
compliance with the Maastricht criteria. The study uses a cointegration
approach and finds that a long-term relationship exists between the ratios of
inflation rates, interest rates and budget deficit ratios with Gross Domestic
Product. However, no long-term relationship was found regarding the ratio of
public debt to Gross Domestic Product. The study suggests that Turkey has
internalized its objective of full European Union membership from an economic
perspective and that it has not deviated from this objective.