This paper investigates the macro-determinants of Korea's persistent bilateral trade deficit with Japan but her trade surplus with the US using Johansen's cointegration-error correction model, which includes bilateral trade balance and real exchange rate, domestic and foreign incomes and...

In this article, we explain and illustrate the current account, the capital account and the financial account of the balance of payments. We illustrate the J-curve effect in relation to the Marshall-Lerner condition. The balance of payments shows the international financial position of the...

In this paper we examine the Marshall-Lerner (ML) condition for the Kenyan economy. In particular, we use quarterly data on the log of real exchange rates, export-import ratio and relative (US) income for the time period 1996q1 - 2011q4, and employ techniques based on the concept of long memory...

In this paper we examine the Marshall-Lerner (ML) condition for the Kenyan economy. In particular, we use quarterly data on the log of real exchange rates, export-import ratio and relative (US) income for the time period 1996q1 - 2011q4, and employ techniques based on the concept of long memory...