Long-Run Price Elasticities and the Marshall-Lerner Condition Revisited
Finance, Real Estate, and Business Law
In estimating trade elasticities most previous researchers employed nonstationary data and OLS or 2SLS method. With new developments in the literature, this paper uses stationary data and Johansen's cointegration analysis to provide new trade elasticities for almost 30 countries. (C) 1998 Elsevier Science S.A. AU rights reserved.
(1998). Long-Run Price Elasticities and the Marshall-Lerner Condition Revisited. Economics Letters, 61(1), 101-109.
Available at: https://aquila.usm.edu/fac_pubs/5110