Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Entire DC Network
A Unified Approach To Testing For Mean Reversion Of Exchange Rates And Prices: The Oecd And Latin American Cases, Flavio Vilela Vieira
A Unified Approach To Testing For Mean Reversion Of Exchange Rates And Prices: The Oecd And Latin American Cases, Flavio Vilela Vieira
Doctoral Dissertations
The present dissertation is a theoretical and empirical investigation regarding the existence of a long-run relationship between exchange rates and prices. It develops a unified approach to test for mean reversion of exchange rates and prices, bringing together the disequilibrium view and the long-run real exchange rate literatures in such a way that not only exchange rates and relative prices are considered, but also the role played by real factors in explaining long-run behavior of exchange rates and prices. In chapters 2 and 3 we developed some empirical tests for mean reversion of exchange rates and prices for OECD and …
Essays On Foreign Direct Investment And Growth In The United States, Timothy Champion Ford
Essays On Foreign Direct Investment And Growth In The United States, Timothy Champion Ford
Doctoral Dissertations
The period between 1978 and 1997 was characterized by a major influx of foreign direct investment (FDI to the United States. In 1997, foreign controlled firms accounted for 6.3 percent of US GDP, 4.9 percent of non-bank employment, 20 percent of US exports of goods, 30 percent of US imports of goods, and 12 percent of firm R&D. However, due to data limitations, previous research has examined the impact of FDI on growth only at the country level. By constructing a new stock measure of FDI---the employment measure---I am able to disaggregate FDI across states. This allows an examination of …