An Analysis Of The Impact Of The Fall In The Foreign Exchange Value Of The U.S. Dollar From The Mid-1980s To The Mid-1990s On The Output Levels Of The 20 2-Digit SIC U.S. Industries

Abstract

This study empirically examines the effects of the downward trend in the foreign exchange value of the U.S. dollar from the mid-1980s to the mid-1990s on the output levels of the 20 individual 2-digit SIC U.S. industries. Despite the fact that theory would predict increases in the output levels of these industries due to their improved international competitiveness, the empirical results show that this is not the case.