Are we feeling more competitive yet?

Description

"This paper considers empirical evidence suggesting that the recent depreciation of the U.S. dollar has not enhanced the competitiveness of U.S. firms in the automobile and pharmaceutical industries. As a possible explanation for this finding, the paper proposes that in some industries, future competitiveness depends on firms' investment behaviour, and investment behavior is affected by changes in currency values."

Subjects

Series Statement

• Working paper / Division of Research, Harvard Business School -- 88-044