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Author:Goldberg, L.
Title:Exchange rates and investment in United States industry
Journal:Review of Economics and Statistics
1993 : NOV, VOL. 75:4, p. 575-588
Index terms:EXCHANGE RATES
INVESTMENT
USA
INDUSTRIES
Language:eng
Abstract:The path of the dollar has significantly influenced investment activity in U.S. industry. The effects of both exchange rate levels and exchange rate volatility have been more pronounced in the 1980s and in the 1970s. Although aggregate investment datamask some of these relationships, the effects of exchange rates on investment are most pronounced in the disaggregated data for manufacturing durable goods sectors and nonmanufacturing sectors.
SCIMA record nr: 115676
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