The Long-Run Effects of Depreciation of The Dollar on Sectoral Output
Almost all previous research that investigated the impact of currency depreciation on domestic production relied on an aggregate measure of total output, i.e. GDP. In this paper we investigate the long-run relation between the exchange value of the dollar and production in eight different sectors of the U.S. economy by the means of cointegration analysis. For most sectors we find no evidence of a long-run relation between the value of the dollar and sectoral output. [F31]
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Volume (Year): 14 (2000)
Issue (Month): 3 ()
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