Construct · 1 fields · 1 citations

Marshall-Lerner condition: a standalone construct

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International macroeconomics

the condition that a currency depreciation improves the trade balance when the sum of export and import demand elasticities exceeds one.

In international macroeconomics, Marshall-Lerner condition refers to the condition that a currency depreciation improves the trade balance when the sum of export and import demand elasticities exceeds one. This meaning comes from Bahmani-Oskooee (1998) in Economics Letters.[1]

Unit
Recovery means
Measured by

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Nearby constructs

balance4 fields · 5 citationsjingle · one word, four constructs condition2 fields · 2 citationsjingle · one word, two constructs demand4 fields · 4 citationsjingle · one word, four constructs

References

Bahmani-Oskooee, M., & Niroomand, F. (1998). Long-run price elasticities and the Marshall–Lerner condition revisited. Economics Letters, 61(1), 101-109. https://doi.org/10.1016/s0165-1765(98)00147-5

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