Investment in manufacturing, exchange rates and external exposure

Journal of International Economics - Tập 38 - Trang 297-320 - 1995
Jose Campa1, Linda S. Goldberg2,3
1Stern School of Business, New York University, 44 W. 4th Street, New York, NY 10012, USA
2Department of Economics, New York University, 269 Mercer Street, New York, NY 10003, USA
3NBER, Cambridge, MA 02138, USA

Tài liệu tham khảo

Abel, 1983, Optimal investment under uncertainty, American Economic Review, 73, 228 Abel, 1986, The present value of profits and cyclical movements in investment, Econometrica, 54, 249, 10.2307/1913150 Aizenman, 1992, Exchange rate flexibility, volatility and patterns of domestic and foreign direct investment, IMF Staff Papers, December Baldwin, 1989, Persistent trade effects of large exchange rate shocks, The Quarterly Journal of Economics, 104, 635, 10.2307/2937860 Bell, 1991, Irreversible investments and uncertainty: A study of the chemical processing industry, Stern School of Business, Working Paper IB-91-5 Branson, 1988, United States manufacturing and the real exchange rate Caballero, 1991, On the sign of the investment-uncertainty relationship, American Economic Review, 81, 279 Cabellero, 1992, Uncertainty, investment, and industry evolution. National Bureau of Economic Research, Working Paper No. 4160, September de Meza, 1987, Production flexibility as a motive for multinationality, Journal of Industrial Economics, 35, 343, 10.2307/2098639 Dixit, 1989, Entry and exit decisions under uncertainty, Journal of Political Economy, 97, 620, 10.1086/261619 Domowitz, 1986, Business cycles and the relationship between concentration and price-cost margins, Rand Journal of Economics, 17, 1, 10.2307/2555624 Dornbusch, 1987, Exchange rates and prices, American Economic Review, 77, 93 Goldberg, 1990, Measuring external openness: The Index of Effective Exposure, C.V. Starr Center Working Paper 90-19, May Goldberg, 1993, Exchange rates and investment in United States industry, Review of Economics and Statistics, 75, 575, 10.2307/2110011 Goldberg, 1994, Foreign direct investment, exchange rate variability, and demand uncertainty, National Bureau of Economic Research, Working Paper no. 4815, August Hall, 1988, The relation between price and marginal cost in U.S. industry, Journal of Political Economy, 96, 921, 10.1086/261570 Hartman, 1972, The effects of price and cost uncertainty on investment, Journal of Economic Theory, 5, 258, 10.1016/0022-0531(72)90105-6 Jorion, 1990, The exchange rate exposure of U.S. multinationals, Journal of Business, 63, 331, 10.1086/296510 Knetter, 1989, Price discrimination by U.S. and German exporters, American Economic Review, 79, 198 Knetter, 1993, International comparisons of pricing-to-market behavior, American Economic Review, 83, 473 Luehrman, 1991, Exchange rate changes and the distribution of industry value, Journal of International Business Studies, 22, 619, 10.1057/palgrave.jibs.8490317 Mann, 1986, Prices, profit margins, and exchange rates, Federal Reserve Bulletin, 72, 366 Marston, 1990, Pricing to market in Japanese manufacturing, Journal of International Economics, 29, 217, 10.1016/0022-1996(90)90031-G Pindyck, 1988, Irreversible investment, capacity choice, and the value of the firm, American Economic Review, 78, 969 Ungern-Sternberg, 1990, Strategic foreign exchange management, Journal of Industrial Economics, 37, 381, 10.2307/2098346 White, 1980, A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity, Econometrica, 48, 817, 10.2307/1912934