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Journal Articles (Economics)
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Investment and the exchange rate: Short run and long run aggregate and sector-level estimates
Download2009-09-01
Landon, Stuart, Smith, Constance E.
Aggregate and sector-level investment equations that incorporate the exchange rate are estimated for a panel of 17 OECD countries using an error correction methodology. A real currency depreciation is found to have a significant negative effect on aggregate investment in both the short run and...
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