X

X In economic models involving international trade, X is usually chosen to represent exports, and M to represent imports, perhaps because E and I have too many other uses.
X-efficiency The ability of a firm to get maximum output from its inputs. Failure to do so, called X-inefficiency or technical inefficiency, may be due to lack of incentives provided by competition. Improvement in X-efficiency is one hypothesized source of gain from trade. Term is due to Leibenstein (1966).

 

ที่มา Deardorffs' Glossary of International Economics

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