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Comparison of Production Indexes and GDP Levels of Russia and Turkey over the Years

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  • Murat BİLGİN

    (International Travnik Unıversity, Law Department. Aleja Konzula – Travnik, Bosnia And Herzegovina)

Abstract

This research aimed to compare the production indexes and GDP levels of Russia and Turkey over the years. The study uses manufacturing and GDP statistics for Turkey and Russia from the World Bank's Country Reports for the years 2002–2023. The data was analyzed using relational and descriptive scanning techniques. The mean MVA value of Türkiye was 128.033.708.560,22±45.970.873.474,95 with 60.042.508.306,24-210.698.007.198,77 range. For Russia, the MVA mean was 164.593.974.821,70±25.737.507.037,58 with 114.335.877.575,54-210.748.733.491,24 range. The mean MVA was significantly higher in Russia (p 0.05). Manufacturing value added in Türkiye had a higher range and lower mean compared to Russia. Pearson correlation analysis results between MVA and GDP showed that in Türkiye, MVA was significantly and positively correlated with GDP (r=0.599; p

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Handle: RePEc:alk:jefas0:v:6:y:2024:i:5:id:8150
DOI: 10.32996/jefas.2024.6.5.15
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