The purpose of this paper is to find the relationship between balance of foreign trade and real exchange rate in econometrics concept by using time series method. The authors used annual data of foreign trade deficit, real exchange rate, gross domestic product (GDP) of Turkey from 1989 to 2014, and analyzed the long-term relation of them by using ARDL bound testing method. By the result of test method; although there was a long-term relationship between balance of foreign trade, real exchange rate, GDP of Turkey and of the world, the coefficient of real exchange rate was insignificant in terms of statistical methods. Turkey and the world as well as being statistically significant coefficient of GDP, it was concluded that there was significant relationship with the economic aspects.

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Use of electricity energy, which is one of the most important inputs of production process, its importance increases significantly as a result of globalization. Therefore the effect of capital, employment and electricity consumption on production level must be investigated. Accordingly, this study is aimed to shed light upon relationships between Turkey's industrial production, capital, employment and electricity consumption, by Vector Error Correction Model and Variance Decomposition for the period 1986-2011. As a result, the effect of electricity consumption, capital and employment on industrial sector production was founded positively. Considering that Turkey is expected to have more investment which will require more electricity consumption, a positive effect on production level.

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In this study the together with increasing foregin trade after trade liberalization, affects of changing income distribution on wages has been discussed. Assuming wages as an issue of income distribution, it continues with foregin trade theories which are related to foreign trade and affect of export on wages in particular. The developments such as effective markets after trade liberalization, high efficiency and removal of barriers in front of international trade increase cost competitiveness and wage levels change. It is still discussed whether foreign trade has positive or negative affects on wages but it can be claimed that differences of opinion vary depending on economical structures and trade volumes of countries. Using a model which has been supplied from both theoretical and practical literature, this research will try to find out affects of export and openness on wages using unit root test, cointegration techniques and error correction mechanism on Turkish economy during the period of 1988:Q1-2010:Q4. Affects of both export and openness on wages has been studied seperately for sub sectors of Turkish Manufacturing Industry. Although there is not a full compliance in all sectors which are studied in all models within periods examined, it has been found out that export and openness create a negative affect on wages.