Document Type : بحث
Authors
Abstract
The Marshall-Lerner elasticity approach is one of the most important approaches, which used in analyzing the impact of exchange rate changes on the trade balance, by describing the response of both exports and imports to exchange rate changes to be greater than the correct one, in the long run at least. This study aims to verify the relationship of the Iraqi dinar exchange rate with exports and imports, and the extent to which Marshall-Lerner conditions are met with regard to the response of exports and imports, by measuring the flexibility of each. Annual data has been used for both exports and imports, and the exchange rate for the period (1980-2021). Using the ARDL model, through two functions for both exports and imports, the independent variables were represented by both the real exchange rate of the Iraqi dinar and the global income in the export function. While the independent variables were represented by the real exchange rate of the Iraqi dinar and global income in the export function, and the real exchange rate and domestic income to the import function. The study reached several results, the most important of which are: The relationship of exports at the real exchange rate is inverse in the short run and positive in the long run. As for imports, they are not affected by changes in the exchange rate, and the total absolute value of their flexibility in the long term is small, as it reached at its maximum a rate of (0.53).
Keywords
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