Exchange Rate Impacts on Investment of Manufacturing Sectors in Iran

Mohammad Lotfalipour (), Maliheh Ashena () and Maryam Zabihi ()

Business and Economic Research, 2013, vol. 3, issue 2, 12-22

Abstract: As a major factor in the development process and economic policies evaluation, investment and its growth rate have been considered in many studies. This paper examines the relationship between changes in exchange rate and the investment of manufacturing sectors in Iran during1995 to 2009 using the panel data approach. So, the annual data of manufacturing sectors is used to examine the impact of real exchange rate fluctuations on industrial investment. It is found a negative and statistically significant impact of real exchange rate movements on manufacturing investment.

Keywords: Manufacturing sectors; Exchange rate; Panel Data; Iran. (search for similar items in EconPapers)
JEL-codes: D51 E22 L52 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.macrothink.org/journal/index.php/ber/article/view/3716/3368 (application/pdf)
http://www.macrothink.org/journal/index.php/ber/article/view/3716 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mth:ber888:v:3:y:2013:i:2:p:12-22

Access Statistics for this article

Business and Economic Research is currently edited by Daisy Young

More articles in Business and Economic Research from Macrothink Institute
Bibliographic data for series maintained by Technical Support Office ( this e-mail address is bad, please contact ).