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Krzyżanowski Julian T. (Warsaw University of Life Sciences - SGGW, Poland)
The Standard Model of Trade and the Marshall - Lerner Condition
Zeszyty Naukowe SGGW w Warszawie. Problemy Rolnictwa Światowego, 2017, t. 17(32), z. 4, s. 193-198, rys., tab., bibliogr. 19 poz.
Scientific Journal Warsaw University of Life Sciences SGGW - Problems of Word Agriculture
Badanie handlu, Handel, Rezerwa rewaluacyjna, Równowaga
Trade research, Trade, Revaluation reserve, Balance
streszcz., summ.
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. (original abstract)
Full text
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