The Standard Model of Trade and the Marshall – Lerner Condition

There are similarities between standard trade model and Marshall-Lerner condition. However, in order to see whether the condition can work both ways (with decrease and increase of the currency exchange rate), and the properties of this model could be thoroughly utilized, the revaluation case is being considered. The J-curve effect is also being examined. Looking at further research ideas, the Marshall–Lerner condition could be a complimentary tool in explaining the standard model.


Issue Date:
Dec 31 2017
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/266516
ISSN:
2081-6960
Language:
English
Published in:
Problems of World Agriculture / Problemy Rolnictwa Światowego, Volume 17, Number 32, Part 4
Page range:
193-198
JEL Codes:
B27; F12
Note:
eISSN 2544-0659




 Record created 2018-01-14, last modified 2018-01-22

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