Bahmani-Oskooee, Mohsen; Harvey, Hanafiah - In: International Journal of Public Policy 9 (2013) 4/5/6, pp. 292-305
Early studies on the impact of currency devaluation or depreciation on the trade balance focused on using aggregate trade data between one country and rest of the world and estimated the well-known Marshall-Lerner (ML) condition. Due to aggregation bias, a second set of studies have relied upon...