Testing Marshall-Lerner condition: a non-parametric approach
In 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.
Volume (Year): 11 (2004)
Issue (Month): 4 ()
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References listed on IDEAS
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- Pagan,Adrian & Ullah,Aman, 1999.
Cambridge University Press, number 9780521355643.
- Bahmani-Oskooee, Mohsen & Niroomand, Farhang, 1998. "Long-run price elasticities and the Marshall-Lerner condition revisited," Economics Letters, Elsevier, vol. 61(1), pages 101-109, October.
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