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Elasticity of demand for exports |
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Elasticity of demand for exportsThis is normally the price elasticity of demand for exports of a country, either for a single industry or for the aggregate of all imports. Equals the rest of world's elasticity of demand for imports, which therefore also enters the Marshall-Lerner condition.Similar MatchesImport elasticityImport elasticityUsually means the import demand elasticity. Elasticity of substitutionElasticity of substitutionThe elasticity of the ratio of two inputs to a production (or utility) function with respect to the ratio of their marginal products (or utilities). With competitive demands, this is also the elasticity with respect to their price ratio. For example, with factors L,K and factor prices w,r, the elasticity of substitution of a production function F(K,L) is s = (wL/rK)d(K/L)/d(w/r). Point elasticityPoint elasticitySee elasticity Income elasticityIncome elasticityNormally the income elasticity of demand; that is, the elasticity of demand with respect to income. Supply elasticitySupply elasticityThe elasticity of a supply function, usually with respect to price. Further SuggestionsImport demand elasticityPrice elasticity Demand elasticity Armington elasticity Cross elasticity Constant elasticity of substitution function Arc elasticity Elasticity Elasticity of demand for imports |
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