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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 ; OECDCountries …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/10003864485
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
In this paper we analyze the effects of the real exchange rate volatility on exports in the Baltic region. The study … estimate the short-run and long-run effects of the real exchange rate volatility on exports. Our results reveal that exports … focuses on three countries in the Baltic region, namely, Estonia, Latvia, and Lithuania, and uses quarterly exports of these …
Persistent link: https://www.econbiz.de/10012926296
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
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
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
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
Between 1995 and 2005, the German economy has experienced a phase of weak economic growth. We analyze whether this weak growth performance can be attributed to the stance of monetary conditions during that period. We show that the real effective exchange rate did have almost no dampening effects...
Persistent link: https://www.econbiz.de/10010263552