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Marshall-Lerner condition

Marshall-Lerner condition 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.

Noun

Marshall-Lerner condition (plural Marshall-Lerner conditions)

  1. 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 of Marshall-Lerner condition

pluralMarshall-Lerner conditions

Origin of Marshall-Lerner condition

Named after Alfred Marshall and Abba P. Lerner.

Questions about Marshall-Lerner condition

What does Marshall-Lerner condition mean?
Marshall-Lerner condition means 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.
What part of speech is Marshall-Lerner condition?
Marshall-Lerner condition is a noun.
What is the plural of Marshall-Lerner condition?
The plural of Marshall-Lerner condition is Marshall-Lerner conditions.

Words near Marshall-Lerner condition in the dictionary

  1. Marshall Meadows
  2. Marshall Mount
  3. Marshall Plan
  4. Marshall syndrome
  5. Marshall's large yellow sweet plum
  6. Marshall-Lerner condition
  7. Marshall-Lerner conditions
  8. Marshall-Smith syndrome
  9. Marshall-White syndrome
  10. marshallate
  11. marshallates

Source and license

Adapted from Wiktionary: Marshall-Lerner condition (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

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