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Titre Fluctuations du dollar, indicateurs macro-économiques et investissements directs américains dans les pays développés
Auteur Jérôme Henry
Mir@bel Revue Economie et prévision
Numéro no 107, 1993/1 Études internationales
Rubrique / Thématique
Etudes internationales
Page 63-80
Résumé anglais Exchange Rate Variations, Macroeconomic Indicators and Direct American Investment in Developed Countries, by Jérôme Henry. Direct American investments in the leading OECD countries suffered particularly striking swings in the 1980s. The article uses annual American statistics covering the period from 1961 to 1989 to show first of all that these fluctuations are mainly due to capital gains on stocks linked to the dollar's exchange rate. Once this effect is taken into account, the econometric results serve to highlight two distinct independent and dependent market strategies. American investments can be linked alternately to local demand and the American economy's propensity to export.
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Article en ligne http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1993_num_107_1_5597