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.

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

nounMarshall-Lerner condition (plural Marshall-Lerner conditions)

plural Marshall-Lerner conditions

  1. economicsThe 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.

Origin

Named after Alfred Marshall and Abba P. Lerner.

Full word history & related roots →

Translations

Czech Marshall–Lernerova podmínka
  • Marshall–Lernerova podmínkaMarshall-Lerner condition
Portuguese condição de Marshall-Lerner, condição Marshall-Lerner
  • condição de Marshall-LernerMarshall-Lerner condition
  • condição Marshall-LernerMarshall-Lerner condition
Cite this entry
APA

Marshall-Lerner condition. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/Marshall-Lerner%20condition

MLA

“Marshall-Lerner condition.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Marshall-Lerner%20condition. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “Marshall-Lerner condition,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/Marshall-Lerner%20condition.

Source: Marshall-Lerner condition on Wiktionary, CC BY-SA 4.0.