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Simultaneity between export and import flows and the Marshall–Lerner condition

✍ Scribed by Luis Sastre

Book ID
116424397
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
628 KB
Volume
29
Category
Article
ISSN
0264-9993

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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 📂 Article 📅 2001 🏛 John Wiley and Sons 🌐 English ⚖ 218 KB 👁 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