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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 … openness on a sectoral level. -- R&D intensity ; Innovation ; Real Exchange Rate ; Volatility ; Exports ; OECDCountries …
Persistent link: https://www.econbiz.de/10003864485
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 … openness on a sectoral level. -- R&D intensity ; Innovation ; Real Exchange Rate ; Volatility ; Exports ; OECD-Countries …
Persistent link: https://www.econbiz.de/10003887126
Exchange rate exposure of firms diminishes when imported intermediates and exports are denominated in currencies that move together. Appreciations of the domestic currency, raising foreign currency export prices, then also reduce marginal costs, allowing firms to counter the increase in foreign...
Persistent link: https://www.econbiz.de/10011568538
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Persistent link: https://www.econbiz.de/10001511167
We propose an aggregate growth index that explicitly accounts for non-normality in the micro-economic distribution of firm growth rates and for the presence of a negative scaling relation between their volatility and the size of the firm. Using Compustat data on US publicly traded company, we...
Persistent link: https://www.econbiz.de/10011729428
Inequalities between workers of different skills have been growing in the era of globalization. Firms' internationalization mode has an impact on job stability. Exporting firms are not only exposed to different foreign shocks, they also pay skill-intensive fixed costs to serve foreign markets....
Persistent link: https://www.econbiz.de/10011973974
Firm volatilities co-move strongly over time, and their common factor is the dispersion of the economy-wide firm size distribution. In the cross section, smaller firms and firms with a more concentrated customer base display higher volatility. Network effects are essential to explaining the...
Persistent link: https://www.econbiz.de/10012857145
Inequalities between workers of different skills have been growing in the era of globalization. Firms’ internationalization mode has an impact on job stability. Exporting firms are not only exposed to different foreign shocks, they also pay skill-intensive fixed costs to serve foreign markets....
Persistent link: https://www.econbiz.de/10012892069
Persistent link: https://www.econbiz.de/10003280533