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A dynamic model of trade adjustment and the Marshall-Lerner condition

✍ Scribed by Aoki, Masanao

Book ID
112829509
Publisher
Springer
Year
1983
Tongue
English
Weight
583 KB
Volume
119
Category
Article
ISSN
1610-2924

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Real exchange rate effects on the balance of trade: cointegration and the Marshall–Lerner condition
✍ Derick Boyd; Gugielmo Maria Caporale; Ron Smith πŸ“‚ Article πŸ“… 2001 πŸ› John Wiley and Sons 🌐 English βš– 218 KB πŸ‘ 1 views

## Abstract A typical finding in the empirical literature is that import and export demand elasticities are rather low, and that the Marshall–Lerner (ML) condition does not hold. However, despite the evidence against the ML condition, the consensus is that real devaluations do improve the balance o