Marshall-Lerner condition en · NOUN
Etymology
Named after Alfred Marshall and Abba P. Lerner.
Meanings
- The condition that an exchange rate devaluation or depreciation will only cause a balance of trade improvement if the absolute sum of the long run export and import demand elasticities is equal to, or greater than 1.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| Marshall-Lerner conditions | Number=Plur | lexicographic |
Translations (3)
pt condição de Marshall-Lerner (Marshall-Lerner condition) · pt condição Marshall-Lerner (Marshall-Lerner condition) · cs Marshall–Lernerova podmínka (Marshall-Lerner condition)