EXCHANGE-RATES AND INVESTMENT IN UNITED-STATES INDUSTRY

被引：99

作者：

GOLDBERG, LS

机构：

来源：

REVIEW OF ECONOMICS AND STATISTICS | 1993年 / 75卷 / 04期

关键词：

D O I：

10.2307/2110011

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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 than in the 1970s. Although aggregate investment data mask 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. These relationships also have changed over time, In contrast to the conventional wisdom, in the 1980s real dollar depreciations (appreciations) were likely to be associated with investment contractions (expansions).

引用

页码：575 / 588

页数：14

共 22 条

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