Word Pronunciation & Dictionary

marshall-lerner condition

Word Rarity Rare

Frequency: Zipf frequency 3.03 in modern English

Syllables: mar-shal-l-lern-er -con-di-tion
IPA

31

Scrabble Score

23

Letters

8

Syllables

13

Unique Chars

Meaning

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.

Etymology

Named after Alfred Marshall and Abba P. Lerner.

Inflected Forms

Marshall-Lerner conditions (plural)

Questions

What does marshall-lerner condition mean?: 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.
Where does marshall-lerner condition come from?: Named after Alfred Marshall and Abba P. Lerner.

How to pronounce marshall-lerner condition

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