Blecker, Robert A. - In: International Review of Applied Economics 21 (2007) 4, pp. 491-517
This article analyses the effects of the real value of the dollar on investment in US domestic manufacturing using … previous study. The exchange rate affects investment mainly, although not exclusively, through the channel of financial or … manufacturing investment would have been 61% higher and the capital stock would have been 17% higher in 2004 if the dollar had not …