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dc.contributor.authorSwift, Robynen_US
dc.contributor.editorProfessor Paul Milleren_US
dc.date.accessioned2017-04-24T09:55:53Z
dc.date.available2017-04-24T09:55:53Z
dc.date.issued2006en_US
dc.date.modified2008-02-20T06:51:20Z
dc.identifier.issn00130249en_US
dc.identifier.doi10.1111/j.1475-4932.2006.00329.xen_AU
dc.identifier.urihttp://hdl.handle.net/10072/16651
dc.description.abstractThis paper uses an empirical framework derived from an optimising adjustment-cost model of investment to examine the relationship between exchange rates and investment in Australian manufacturing industry between 1988 and 2001. The results show that the response of investment to exchange rate changes varies with the external exposure of industry, positively with export share of sales and negatively with the share of imported inputs into production. Industry competitive structure, represented by markup of price over cost, interacts with external exposure so that lower levels of markup increase the responsiveness of investment to exchange rate changes. For Australian manufacturing industry, a 10% real appreciation of the Australian dollar (AUD) leads to an average 8.0% decrease in total investment through the export share channel over the period, and an average 3.8% increase in total investment through the imported input share channel, with most of the response occurring through investment in Equipment, Plant and Machinery.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.format.extent75033 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherBlackwell Publishing Asiaen_US
dc.publisher.placeCarlton ,Victoriaen_US
dc.publisher.urihttp://www.blackwellpublishing.com/en_AU
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefromS19en_US
dc.relation.ispartofpagetoS25en_US
dc.relation.ispartofissueS1en_US
dc.relation.ispartofjournalThe Economic Recorden_US
dc.relation.ispartofvolume82en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchcode340208en_US
dc.subject.fieldofresearchcode340205en_US
dc.subject.fieldofresearchcode340206en_US
dc.titleMeasuring the Effects of Exchange Rate Changes on Investment in Australian Manufacturing Industryen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.rights.copyrightCopyright 2006 Blackwell Publishing. This is the author-manuscript version of the paper. Reproduced in accordance with the copyright policy of the publisher. The definitive version is available at www.blackwell-synergy.comen_AU
gro.date.issued2006
gro.hasfulltextFull Text


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