358
Views
30
CrossRef citations to date
0
Altmetric
Original Article

On the relation between currency depreciation and domestic investment

&
Pages 645-660 | Published online: 09 Dec 2014

References

  • Abel, A. B., and Blanchard, O. J. "The Present Value of Profits and Cyclical Movements in Investment." Econometrica, 1986, 54 (2), 249-273.
  • Alexander, S. S. "Effects of a Devaluation of Trade Balance." IMF Staff Papers, April 1952, 2, 263-278.
  • Bahmani-Oskooee, M., and Miteza, I. "Are Devaluations Expansionary or Contractionary: A Survey Article." Economic Issues, 2003, 8 (2), 1-28.
  • Bahmani-Oskooee, M., and Tanku, A. "Black Market Exchange Rate vs. Official Rate in Testing the PPP: Which Rate Fosters the Adjustment Process," Economics Letters, 2008, 99 (1), 40-43.
  • Baum, C. F.; Caglayan, M.; and Barkouslas, J. T. "Exchange Rate Uncertainty and Firm Profitability." Journal of Macroeconomics, 2001, 23 (4), 1-16.
  • Beccarini, A. "Investment Sensitivity to Interest Rates in an Uncertain Context: Is a Positive Relationship Possible?" Economic Change and Restructuring, 2007, 40 (3), 223-234.
  • Blecker, R. A. "The Economic Consequences of Dollar Appreciation for U. S. Manufacturing Investment: A Time-Series Analysis." International Review of Applied Economics, 2007, 21 (4), 491-517.
  • Blecker, R. A. "External Shocks, Structural Change, and Economic Growth in Mexico: 1979-2007." World Development, 2009, 37 (7), 1274-1284.
  • Bosworth, B. P. Saving and Investment in a Global Economy. Washington, DC: Brookings Institution, 1993.
  • Campa, J., and Goldberg, L. S. "Investment in Manufacturing, Exchange Rates and External Exposure." Journal of International Economics, 1995, 38 (3-4), 297-320.
  • Campa, J., and Goldberg, L. S. "Investment, Pass-Through, and Exchange Rates: Cross Country Comparison." International Economic Review, 1999, 40 (2), 287-314.
  • Chirinko, R. S. "Business Fixed Investment Spending: Modeling Strategies, Empirical Results, and Policy Implications." Journal of Economic Literature, 1993, 31 (4), 1875-1911.
  • Chirinko, R. S., and Schaller, H. "Why Does Liquidity Matter in Investment Equations?" Journal of Money, Credit and Banking, 1995, 27 (2), 527-548.
  • Chirinko, R. S.; Fazzari, S. M.; and Meyer, A. P. "How Responsive Is Business Capital Formation to Its User Cost? An Exploration with Micro Data." Journal of Public Economics, 1999, 74 (1), 53-80.
  • Darby, J.; Hallett, A. H.; Ireland, J.; and Piscitelli, L. "The Impact of Exchange Rate Uncertainty on the Level of Investment." Economic Journal, March 1999, 109, C55-C67.
  • De Vita, G., and Kyaw, K. S. "Determinants of Capital Flows to Developing Countries: A Structural VAR Analysis." Journal of Economic Studies, 2008, 35 (6), 304-322.
  • Diaz-Alejandro, C. F. "A Note on the Impact of Devaluation and the Redistributive Effect." Journal of Political Economy, 1963, 71 (3), 577-580.
  • Fazzari, S. M., and Variato, A. M. "Asymmetric Information and Keynesian Theories of Investment." Journal of Post Keynesian Economics, Spring 1994, 16 (3), 351-369.
  • Fazzari, S. M.; Hubbard, R. G.; and Petersen, B. C. "Financing Constraints and Corporate Investment." Brookings Papers on Economic Activity, 1988, 1, 141-206.
  • Goldberg, L. S. "Exchange Rates and Investment in United States Industry." Review of Economics and Statistics, 1993, 75 (4), 575-589.
  • Halicioglu, F. "The J-Curve Dynamics of Turkish Bilateral Trade: A Cointegration Approach." Journal of Economic Studies, 2007, 34 (2), 103-119.
  • Jorgenson, D. W. "Capital Theory and Investment Behavior." American Economic Review, 1963, 53 (2), 247-259.
  • Krainer, R. E. "Interest Rates, Investment Decisions, and External Financing," Oxford Economic Papers, 1966, 18 (3), 304-312.
  • Krugman, P., and Taylor, L. "Contractionary Effects of Devaluation." Journal of International Economics, 1978, 8 (3), 445-456.
  • Mohammadi, H.; Cak, M.; and Cak, D. "Wagner's Hypothesis: New Evidence from Turkey Using the Bounds Testing Approach." Journal of Economic Studies, 2008, 35 (1), 94-106.
  • Pesaran, H. M.; Shin, Y.; and Smith, R. J. "Bounds Testing Approach to the Analysis of Level Relationships." Journal of Applied Econometrics, 2001, 16 (3), 289-326.
  • Razmi, A. "The Contractionary Short-Run Effects of Nominal Devaluation in Developing Countries: Some Neglected Nuances." International Review of Applied Economics, 2007, 21 (5), 83-109.
  • Serven, L. "Real Exchange Rate Uncertainty and Private Investment in Developing Countries." World Bank Working Paper no. 2823, Washington, DC, 2002.
  • Tobin, J. "A General Equilibrium Approach to Monetary Theory." Journal of Money Credit and Banking, 1969, 1 (1), 15-29.
  • Wong, K. P. "The Effect of Uncertainty on Investment Timing in a Real Options Model." Journal of Economic Dynamics and Control, 2007, 31 (7), 2152-2167.
  • Worthington, P. R. "Investment, Cash Flow, and Sunk Costs." Journal of Industrial Economics, 1995, 43 (1), 49-61.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.