The Exchange Rate and the Trade Balances of Turkish Agriculture, Manufacturing and Mining
β Scribed by Yazici, Mehmet (author)
- Publisher
- Springer Netherlands
- Year
- 2006
- Tongue
- English
- Weight
- 67 KB
- Volume
- 42
- Category
- Article
- ISSN
- 0033-5177
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## Abstract A typical finding in the empirical literature is that import and export demand elasticities are rather low, and that the MarshallβLerner (ML) condition does not hold. However, despite the evidence against the ML condition, the consensus is that real devaluations do improve the balance o