|
|
|
|
Title: |
The Long-Run Effects of Depreciation of the
Dollar on Sectoral Output |
| Author: |
Bahmani-Oskooee, Mohsen; Mirzaie, Aghdas |
| Author
Affiliation: |
U WI,
Milwaukee; OH State U |
| Source: |
International Economic Journal, Autumn 2000, v. 14, no. 3, pp. 51-61 |
|
Publication Date: |
Autumn 2000 |
|
Abstract: |
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. |
|
