“…However, Shahbaz et al (2012), Cao-Alvira (2014), andBaek (2013), Narayan (2006), Bahmani-Oskooee and Wang (2006), conclude for the J-curve hypothesis there is not much support found. The long-run currency depreciation improves the TB and Bahmani-Oskooee and Zhang (2014), Igue and Ogunleye (2014), Iqbal et al (2015), Hsing (2009) andOgutu (2014) argued about it. Whereas, Wang et al(2012) and Datta (2014) found there is no significant impact of depreciation on the TB, therefore, the Marshall-Lerner condition is not satisfied.…”