The objective of this study is to analyse the response capacity of Turkish manufacturing industry to growing international competition from low-wage countries and to real exchange rate fluctuations. To analyse these competitive pressures and the responses of enterprises, developments in profit...

In this paper, we make a detailed spectral analysis of the comovement of cycles of Turkish economy with cycles of euro area and the US. Relation between cycles may change with frequency, hence correlation of cycles at short, medium and long run may differ. Also, the correlation in different...