Testing Marshall-Lerner condition: a non-parametric approach
AbstractIn this study, non-parametric kernel estimation technique has been employed to estimate import and export price elasticities for six developed countries. Based on the estimates of these elasticities Marshall-Lerner condition has been examined. In general the condition is only partially satisfied in the sub-sample periods. The results also suggest that the condition is more likely to be satisfied under fixed exchange rate regime.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 11 (2004)
Issue (Month): 4 ()
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Other versions of this item:
- Syed Mahmud & M. Eray Yucel, 2001. "Testing Marshall-Lerner Condition : A Non-Parametric Approach," Departmental Working Papers 0102, Bilkent University, Department of Economics.
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