Thinking Inside the Box: Input-Output |
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Anyone who has an interest on the real side of Turkish economy might have encountered the famous sketch of industrial production and exports rising together from 2002 and onwards. The common interpretation of this relationship is that the manufacturing sector is becoming more outward-looking and exports are the main driver behind industrial growth. Most of the time, no comment is made about imports and are omitted from the analysis, as if everyone has come to an agreement on the fact that an
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