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Elasticities and trade imbalances: The significance of the Marshall/Lerner condition

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  • Pitchford, John David

Abstract

The Marshall/Lerner condition is examined in a context in which full account is taken of the intertemporal optimizing conditions inherent in the balance of payments. This analysis suggests that the condition has only a very limited significance.

Suggested Citation

  • Pitchford, John David, 1990. "Elasticities and trade imbalances: The significance of the Marshall/Lerner condition," Kiel Working Papers 421, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:421
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    1. Houthakker, Hendrik S & Magee, Stephen P, 1969. "Income and Price Elasticities in World Trade," The Review of Economics and Statistics, MIT Press, vol. 51(2), pages 111-125, May.
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    1. J. D. Pitchford, 1990. "Lewis/Polasek and Moore on the Current Account Deficit: A Comment," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 23(3), pages 33-36, September.

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