Marshall-Lerner condition
nounEtymology
Named after Alfred Marshall and Abba P. Lerner.
Definitions
The condition that an exchange rate devaluation or depreciation will only cause a balance…
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.
The neighborhood
Vish — recursive loop
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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA