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˹éÒ 15
Therefore , MLC suggests that appreciation ( devaluation ) of the currency will
worsen ( improve ) the country's trade balance in the long run if the sum of
absolute value of import and export demand price elasticity exceeds " unity . "
See , for ...
Therefore , MLC suggests that appreciation ( devaluation ) of the currency will
worsen ( improve ) the country's trade balance in the long run if the sum of
absolute value of import and export demand price elasticity exceeds " unity . "
See , for ...
˹éÒ 20
However , the summation between short - run exports and imports own - price
elasticity shows coefficients of all sectors at levels less than “ unity . ” This means
that the trade balance of all sectors deteriorated in the short run after the currency
...
However , the summation between short - run exports and imports own - price
elasticity shows coefficients of all sectors at levels less than “ unity . ” This means
that the trade balance of all sectors deteriorated in the short run after the currency
...
˹éÒ 22
Now to define import demand , IM : it is equal to the exports from a foreign country
EX ' and denoted as q = EP / P is quite vague . However , this paper uses long -
run price elasticity for forming the conditions of the Marshall - Lerner Index .
Now to define import demand , IM : it is equal to the exports from a foreign country
EX ' and denoted as q = EP / P is quite vague . However , this paper uses long -
run price elasticity for forming the conditions of the Marshall - Lerner Index .
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