Marshall-Lerner condition

English

Etymology

Named after Alfred Marshall and Abba P. Lerner.

Noun

Marshall-Lerner condition (plural Marshall-Lerner conditions)

(economics) 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.

Translations

Marshall-Lerner condition

Czech: Marshall–Lernerova podmínka f
Portuguese: condição de Marshall-Lerner f, condição Marshall-Lerner f

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