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Long-Run Price Elasticities and the Marshall–Lerner Condition: Evidence from Egypt–EU Commodity Trade

Author

Listed:
  • Mohsen Bahmani-Oskooee

    (The University of Wisconsin-Milwaukee, Milwaukee)

  • Amr Sadek Hosny

    (The University of Wisconsin-Milwaukee, Milwaukee)

Abstract

Une dévaluation ou dépréciation monétaire est censée améliorer la balance commerciale d′un pays à long terme si la condition de Marshall-Lerner est satisfaite. S′appuyant sur des données agrégées sur le commerce entre un pays et le reste du monde, ou entre deux pays, au niveau bilatéral, des recherches antérieures, qui ont cherché à évaluer la validité empirique de cette condition, ont fourni des résultats contrastés. Il est dit que les deux groupes souffrent d′un biais d′agrégation. Pour corriger ce biais, nous ventilons les données du commerce entre deux régions, l′Égypte et l′UE, et procédons à une estimation de la condition au niveau de produits issus de 59 secteurs et faisant l′objet d′échanges commerciaux entre les deux régions. Les résultats montrent que la condition est remplie pour 39 secteurs. Parmi ces 39 secteurs on trouve des petites et grandes industries, certaines bénéficiant d′un avantage comparatif, d′autres souffrant d′un désavantage.

Suggested Citation

  • Mohsen Bahmani-Oskooee & Amr Sadek Hosny, 2013. "Long-Run Price Elasticities and the Marshall–Lerner Condition: Evidence from Egypt–EU Commodity Trade," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 25(5), pages 695-713, December.
    • Handle: RePEc:pal:eurjdr:v:25:y:2013:i:5:p:695-713
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    Citations

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    Cited by:

    1. Muhammad Omer & Junaid Kamal & Jakob Haan, 2023. "Does an exchange rate depreciation improve the trade balance of Pakistan?," International Journal of Economic Policy Studies, Springer, vol. 17(1), pages 163-185, February.
    2. Mohsen Bahmani-Oskooee & Scott Hegerty & Amr Hosny, 2015. "Exchange-rate volatility and commodity trade between the E.U. and Egypt: evidence from 59 industries," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 42(1), pages 109-129, February.
    3. Bernard Njindan Iyke & Sin-Yu Ho, 2017. "The Real Exchange Rate, the Ghanaian Trade Balance, and the J-curve," Journal of African Business, Taylor & Francis Journals, vol. 18(3), pages 380-392, July.
    4. Mohsen Bahmani-oskooee & Jungho Baek, 2015. "The Marshall-Lerner condition at commodity level: Evidence from Korean-U.S. trade," Economics Bulletin, AccessEcon, vol. 35(2), pages 1136-1147.
    5. Peguero, Anadel G. & Cruz-Rodríguez, Alexis, 2016. "Condición Marshall-Lerner y el efecto Curva J: Evidencias para la República Dominicana [Marshall-Lerner Condition and J-Curve Effect: Evidence for the Dominican Republic]," MPRA Paper 71535, University Library of Munich, Germany.
    6. Mohsen Bahmani-Oskooee & Scott Hegerty & Amr Hosny, 2015. "The effects of exchange-rate volatility on industry trade between the US and Egypt," Economic Change and Restructuring, Springer, vol. 48(2), pages 93-117, May.

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