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A recent literature has pointed at potential negative effects of exchange rate volatility on innovation. In this paper … years 1987 - 2003. We find that the direct negative effect of volatility is pronounced in manufacturing sector but is … dominated by the indirect effect via the export channel. Services do not face any effects of volatility on R&D intensities …
Persistent link: https://www.econbiz.de/10010278015
A recent literature has pointed at potential negative effects of exchange rate volatility on innovation. In this paper … years 1987 - 2003. We find that the direct negative effect of volatility is pronounced in manufacturing sector but is … dominated by the indirect effect via the export channel. Services do not face any effects of volatility on R&D intensities …
Persistent link: https://www.econbiz.de/10010265242
openness on a sectoral level. -- R&D intensity ; Innovation ; Real Exchange Rate ; Volatility ; Exports ; OECD-Countries …A recent literature has pointed at potential negative effects of exchange rate volatility on innovation. In this paper … years 1987 - 2003. We find that the direct negative effect of volatility is pronounced in manufacturing sector but is …
Persistent link: https://www.econbiz.de/10003887126
This paper investigates whether the real exchange rate uncertainty depresses Thailand's exports to the United States … cointegrated, and the Marshall-Lerner condition still holds in the case of United States. Real exchange rate volatility generated … by the ARCH(1) process as a measure of uncertainty has a negative effect on exports to Japan, but has no effect on …
Persistent link: https://www.econbiz.de/10014183666
This paper empirically investigates the impact of exchange rate volatility on the real exports in India using the ARDL … rate volatility has significant negative impact on real exports both in the short-run and long-run, implying that higher … carried out for the period 1970 to 2011. The study results confirm that real exports are cointegrated with exchange rate …
Persistent link: https://www.econbiz.de/10013082330
This paper compares real and nominal foreign exchange volatility effects on exports. Using a flexible lag version of … timing as well as a size impact. We find that the size impact of forecasted foreign exchange volatility does not vary … compare real and nominal foreign exchange rate volatility …
Persistent link: https://www.econbiz.de/10012729747
To examine how changes in relative national prices affect innovation input, this paper studies the impact of changes in …
Persistent link: https://www.econbiz.de/10012902593
Analyzing around 1.2 million FX-related news articles, we examine the cross-sectional predictive ability of FX news sentiment building an investment strategy that buys (sells) currencies with low (high) media sentiment. We find that this strategy offers positive and statistically significant...
Persistent link: https://www.econbiz.de/10012833044
the implementation of a patent innovation, e.g., a license fee for a contract with the patentee in Economy B. The office …
Persistent link: https://www.econbiz.de/10014080884
This paper establishes the ability of a Real Business Cycle model to account for real exchange rate behaviour, using UK data. We show that a productivity simulation is capable of explaining initial real appreciation with subsequent depreciation to a lower steady state. The model is tested by the...
Persistent link: https://www.econbiz.de/10011517836