search query: @author Campa, J. / total: 7
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| Author: | Campa, J. Goldberg, L. |
| Title: | Investment, pass-through, and exchange rates: a cross-country comparison |
| Journal: | International Economic Review
1999 : MAY, VOL. 40:2, p. 287-310 |
| Index terms: | INVESTMENT EXCHANGE RATES COMPARATIVE RESEARCH |
| Language: | eng |
| Abstract: | Using detailed data from the United States, Canada, the United Kingdom, and Japan, the authors examine the implications of exchange rates for time series of sectoral investment. Both theoretically and empirically, they show that investment responsiveness to exchange rates varies over time, positively in relation to sectoral reliance on export share and negatively with respect to the share of imported inputs in production. Important differences exist in investment endogeneity across high- and low-price-over-cost markup sectors, with investment in low markup sectors often significantly more responsive to exchange rates. |
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