The Standard Model of Trade and the Marshall – Lerner Condition

There are similarities between standard trade model and Marshall-Lerner condition. However, in order to see whether the condition can work both ways (with decrease and increase of the currency exchange rate), and the properties of this model could be thoroughly utilized, the revaluation case is bein...

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Main Author: Julian Krzyżanowski
Format: Article
Language:English
Published: Warsaw University of Life Sciences Press 2017-12-01
Series:Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego
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Online Access:https://prs.sggw.edu.pl/article/view/2929
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author Julian Krzyżanowski
author_facet Julian Krzyżanowski
author_sort Julian Krzyżanowski
collection DOAJ
description There are similarities between standard trade model and Marshall-Lerner condition. However, in order to see whether the condition can work both ways (with decrease and increase of the currency exchange rate), and the properties of this model could be thoroughly utilized, the revaluation case is being considered. The J-curve effect is also being examined. Looking at further research ideas, the Marshall–Lerner condition could be a complimentary tool in explaining the standard model.
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institution Kabale University
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publishDate 2017-12-01
publisher Warsaw University of Life Sciences Press
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series Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego
spelling doaj-art-9e2ffaa7a894482da8eaeee9e5f1aa442025-02-04T10:43:09ZengWarsaw University of Life Sciences PressZeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego2081-69602544-06592017-12-0117410.22630/PRS.2017.17.4.95The Standard Model of Trade and the Marshall – Lerner ConditionJulian Krzyżanowski0Szkoła Główna Gospodarstwa Wiejskiego w WarszawieThere are similarities between standard trade model and Marshall-Lerner condition. However, in order to see whether the condition can work both ways (with decrease and increase of the currency exchange rate), and the properties of this model could be thoroughly utilized, the revaluation case is being considered. The J-curve effect is also being examined. Looking at further research ideas, the Marshall–Lerner condition could be a complimentary tool in explaining the standard model.https://prs.sggw.edu.pl/article/view/2929standard trade modelMarshall-Lerner conditionrevaluationelasticitiesbalance of trade
spellingShingle Julian Krzyżanowski
The Standard Model of Trade and the Marshall – Lerner Condition
Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego
standard trade model
Marshall-Lerner condition
revaluation
elasticities
balance of trade
title The Standard Model of Trade and the Marshall – Lerner Condition
title_full The Standard Model of Trade and the Marshall – Lerner Condition
title_fullStr The Standard Model of Trade and the Marshall – Lerner Condition
title_full_unstemmed The Standard Model of Trade and the Marshall – Lerner Condition
title_short The Standard Model of Trade and the Marshall – Lerner Condition
title_sort standard model of trade and the marshall lerner condition
topic standard trade model
Marshall-Lerner condition
revaluation
elasticities
balance of trade
url https://prs.sggw.edu.pl/article/view/2929
work_keys_str_mv AT juliankrzyzanowski thestandardmodeloftradeandthemarshalllernercondition
AT juliankrzyzanowski standardmodeloftradeandthemarshalllernercondition