Theoretical and empirical studies show that the level and volatility of exchange rates can have significant effects on foreign direct investment (FDI). But the evidence is ambiguous, with the impact of exchange rates being heterogeneous across countries and types of investment, and varying over...

Ces vingt dernières années, les échanges internationaux et l’investissement direct étranger (IDE) dans le secteur des services ont connu une remarquable expansion dans presque tous les pays de l’OCDE. Cette évolution s’explique en partie par la mondialisation générale des activités...

This paper explores the relationship between the relocation of international production and exports of services from the United States using a number of different panel data estimators for six different categories of services. A conventional export demand relationship is augmented by three...

This study addresses and evaluates the impacts of the introduction of the euro on both actual and potential output and employment. In order to achieve this, a descriptive and analytical examination of developments before and after the launch of the euro is undertaken, with comparisons drawn...

In this paper we identify some of the factors behind the comparatively poor R&D performance of the UK in the 1990s, when R&D intensity in the business sector declined consistently. We estimate an econometric model of R&D using a panel of UK manufacturing industries. Our results highlight the...