Browsing by Subject "Demand elasticity"

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    Testing Marshall-Lerner condition: a non-parametric approach
    (Routledge, 2004) Mahmud, S. F.; Ullah, A.; Yucel, E. M.
    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. © 2004 Taylor and Francis Ltd.