Marshall-Lerner condition (English, noun)
expansion: Marshall-Lerner condition (plural Marshall-Lerner conditions)
Senses:
topics: economics
sciences
glosses: 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:
form: Marshall-Lerner conditions
tags: plural