Title :
The improvement of Marshall-lerner condition
Author_Institution :
Sch. of Econ. Manage., Henan Polytech. Univ. (HPU), Jiaozuo, China
Abstract :
Marshall-lerner condition is based solely on the import and export of elastic research , this conclusion is in trade goods supply elastic infinite ambient conditions concluded; If relax assumptions, the new conclusion is: when Ex/Epx-ηx/η currency devaluation is without any influence on the trade balance; if Ex/Epx >; ηx/η, currency devaluation improve trade balance; if Ex/Epx >; ηx/η, currency devaluation is to trade balance counterproductive, namely to worsen trade balance.
Keywords :
international trade; Marshall-lerner condition; currency devaluation; elastic research; export; import; trade balance; trade goods; Decision support systems; Elasticity; Marshall-lerner condition; The cross elasticity;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Deng Leng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6011144