Exchange rate effects on the relationship between FDI and trade in the US food processing industry

被引:18
|
作者
Gopinath, M [1 ]
Pick, D
Vasavada, U
机构
[1] Oregon State Univ, Dept Agr & Resource Econ, Corvallis, OR 97331 USA
[2] US Econ Res Serv, USDA, Markets & Trade Econ Div, Washington, DC 20250 USA
关键词
D O I
10.2307/1244207
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
The purpose of this study is to test for the effects of the real exchange rate and its volatility on exports, outward FDI, and foreign affiliate sales by the U.S. food-processing industry. The relevant question is whether the appreciation (depreciation) of the U.S. dollar and its volatility has contributed to the observed relationship between FDI and trade in this industry. Besides underscoring the importance of the level and stability of exchange rates for trade and foreign investment, this research has implications for policy, since expanding trade and/or foreign investment can bring about changes in the distribution of income to those engaged in food processing in the United States.
引用
收藏
页码:1073 / 1079
页数:7
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