Exchange rates, productivity, poverty and inequality
AbstractThis article analyses differences in the wealth of nations by comparing PPP-based cross-country incomes from the Penn World Table with those derived from prevailing exchange rates. Using the Balassa (1964)-Samuelson (1964) productivity-bias framework, we introduce the 'international poverty line' and illustrate the implications for cross-country income inequality. We demonstrate that our results are not inconsistent with the previous literature when appropriately interpreted.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 39 (2007)
Issue (Month): 4 ()
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Other versions of this item:
- Kenneth W. Clements & Yihui Lan, 2004. "Exchange Rates, Productivity, Poverty and Inequality," Economics Discussion / Working Papers 04-13, The University of Western Australia, Department of Economics.
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