Marshall-Lerner Condition Definition
noun
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.
Wiktionary
Other Word Forms of Marshall-Lerner Condition
Noun
Singular:
Marshall-Lerner condition
Plural:
Marshall-Lerner conditionsOrigin of Marshall-Lerner Condition
Named after Alfred Marshall and Abba P. Lerner.
From Wiktionary
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