Comparing the Turkish and Russian Economies by the Using of Input-Output Analysis

Abstract

Nowadays, progress in information technologies and globalization, influenced disappearing the borders between countries in economic terms; and the competition has spread worldwide and became influential on all countries and territories. In this process, countries have joined forces to create a stronger competitive environment. The results obtained from comparative study of the production structures is extremely important to countries for achieving economic cooperation to increase mutual economic interests, the relations between their countries’ economies and planning. 
 The purpose of this paper is to describe the production structures of Turkey and Russian economies. The comparative analysis of the similarities and differences in the production structures of both countries made by input-output approach. Given research based on analysis of input-output tables prepared by the Statistics Committees of two countries. For the study purpose forward and backward linkages, key sectors, efficiency in intermediate product usage, production techniques, external trade and production structure were calculated and compared on sectoral and macro-level. The results, obtained from the analysis, allow giving recommendations to further development of economic relations between countries.