Bahmani-Oskooee, Mohsen; Hosny, Amr - In: International Economics and Economic Policy 11 (2014) 4, pp. 561-574
Elasticity approach to balance of payments postulates that a country can enjoy an improvement in its trade balance in the long run if sum of import and export demand price elasticities exceed unity, a condition known as the Marshall-Lerner condition. Previous research tested this condition...