Marshall-Lerner Condition is Wrong

Many countries found puzzling when devaluation cannot improve their trade account. This paper proves that the theory they rely on is wrong. Depreciation is always harmful, for it reduces imports, exports, and trade profit. The Marshall-Lerner condition, if any, is always equal to one, and has no particular economic meaning

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Year of publication:	2018
Authors:	Choi, Hak
Publisher:	[2018]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 20, 2012 erstellt
Other identifiers:	10.2139/ssrn.2164629 [DOI]
Classification:	F13 - Commercial Policy; Protection; Promotion; Trade Negotiations ; F31 - Foreign Exchange ; F32 - Current Account Adjustment; Short-Term Capital Movements
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012938660