Gül, Selçuk - In: Central Bank review / Central Bank of the Republic of Turkey 21 (2021) 3, pp. 105-118
This study examines the relationship between real domestic sales and real exports for Turkish manufacturing firms. Dynamic panel data estimations based on firm-level data for the period 2004-2014 suggest that the two variables are substitutes. Other factors held constant, we estimate that a 10...