TERMIUM Plus®

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HYPOTHESE MANUFACTURIER PARESSEUX [1 record]

Record 1 2004-03-16

English

Subject field(s)
  • Economic Doctrines, Systems and Policies
  • Currency and Foreign Exchange
CONT

The first channel [through which exchange rate are believed to affect productivity] is the exchange rate sheltering hypothesis, also known as the "lazy manufacturers hypothesis". According to this theory, lower exchange rates increase firms' relative international competitiveness, making them more profitable but reducing the incentive to make productivity-enhancing investments.

French

Domaine(s)
  • Doctrines, systèmes et politiques économiques
  • Politique monétaire et marché des changes
CONT

La première [façon dont les taux de change modifient la productivité] est l'hypothèse du taux de change refuge, aussi connue sous le nom d'«hypothèse du manufacturier paresseux». Selon cette théorie, un taux de change bas accroît la compétitivité internationale relative aux entreprises, les rendant plus rentables mais réduisant les raisons d'investir pour accroître la productivité.

Spanish

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