Testing Marshall-Lerner condition: a non-parametric approach
Date
2004
Authors
Mahmud, S. F.
Ullah, A.
Yucel, E. M.
Editor(s)
Advisor
Supervisor
Co-Advisor
Co-Supervisor
Instructor
Source Title
Applied Economics Letters
Print ISSN
1350-4851
Electronic ISSN
1466-4291
Publisher
Routledge
Volume
11
Issue
4
Pages
231 - 236
Language
English
Type
Journal Title
Journal ISSN
Volume Title
Series
Abstract
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.