Mahagaonkar, Prashanth; Schweickert, Rainer; Chavali, … - 2009
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 …