R&D, manufacturing, FDI, uncertainty, exchange rates, panel estimation

Publication date: 24 Jun 2003 | Publication type: NIESR Discussion Paper | Authors: Barrell, R, Hurst, I | External authors: DesirŽe van Welsum | JEL classification: F31, L6, L16 | NIESR discussion paper number: 218
The purpose of this paper is to investigate the role of exchange rate uncertainty in determining foreign direct R&D investment into the UK. Specifically, we examine the impact of the UKs possible entry into EMU, where we exploit the fact that on entry the covariance of the Euro and sterling...