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Volatilite des changes et investissement


  • Jean-Louis Guerin
  • Amina Lahreche-Revil


Cet article analyse le lien entre volatilite des changes et investissement a l'aide d'un modele theorique ou l'incertitude sur le change genere une incertitude sur la demande, et ou les firmes investissent pour servir les marches etrangers. Ce modele montre que la structure de marche est determinante pour comprendre l'impact de la volatilite des changes sur l'investissement. Une analyse empirique portant sur les pays de l'Union europeenne confirme ces conclusions.

Suggested Citation

  • Jean-Louis Guerin & Amina Lahreche-Revil, 2001. "Volatilite des changes et investissement," Economie Internationale, CEPII research center, issue 88, pages 5-22.
  • Handle: RePEc:cii:cepiei:2001-4ta

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    References listed on IDEAS

    1. repec:cii:cepidt:1898-05 is not listed on IDEAS
    2. Keith Head & Thierry Mayer, 2000. "Non-Europe: The magnitude and causes of market fragmentation in the EU," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 136(2), pages 284-314, June.
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    4. Simon J. Evenett & Wolfgang Keller, 2002. "On Theories Explaining the Success of the Gravity Equation," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 281-316, April.
    5. Antoine Bouët, 2000. "La mesure des protections commerciales nationales," Working Papers 2000-15, CEPII research center.
    6. McCallum, John, 1995. "National Borders Matter: Canada-U.S. Regional Trade Patterns," American Economic Review, American Economic Association, vol. 85(3), pages 615-623, June.
    7. Guillaume Gaulier, 2001. "Discrimination commerciale : une mesure à partir des flux bilatéraux," Working Papers 2001-04, CEPII research center.
    8. Alan Deardorff, 1998. "Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World?," NBER Chapters,in: The Regionalization of the World Economy, pages 7-32 National Bureau of Economic Research, Inc.
    9. Antoine Bouët & Lionel Fontagné & Mondher Mimouni & Xavier Pichot, 2001. "Market Access Maps: A Bilateral and Disaggregated Measure of Market Access," Working Papers 2001-18, CEPII research center.
    10. Laird, S., 1996. "Quantifying Commercial Policies," Papers 96-001, Stanford - Institute for Thoretical Economics.
    11. Alan V. Deardorff & Robert M. Stern, 1997. "Measurement of Non-Tariff Barriers," OECD Economics Department Working Papers 179, OECD Publishing.
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    More about this item


    Volatilite des changes; investissement; commerce intra-branche; Union europeenne;

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure


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