Are we feeling more competitive yet?
Subtitle: growth options, exchange rates, and competitiveness
By: by W. Carl Kester, Timothy A. Luehrman
Contributors: Luehrman, Timothy Allen; Harvard Business School. Division of Research
Series: Working paper / Division of Research, Harvard Business School -- 88-044; Working paper (Harvard Business School. Division of Research) -- 88-044
Publisher: Division of Research, Harvard Business School
Published: 1988
Place of publication: Boston]
Language: eng
Number of pages: 30
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.
Notes: Includes bibliographical references.