Exchange Rates, Productivity, Poverty and Inequality
This paper analyses differences in the wealth of nations by comparing PPP-based cross-country incomes from the Penn 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-county income inequality. We demonstrate that our results are not inconsistent with the previous literature when appropriately interpreted.
|Date of creation:||2004|
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Web page: http://www.business.uwa.edu.au/school/disciplines/economics
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- Xavier Sala-i-Martin, 2001.
"The disturbing 'rise' of global income inequality,"
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- Xavier Sala-i-Martin, 2002. "The disturbing "rise" of global income inequality," Discussion Papers 0102-44, Columbia University, Department of Economics.
- Xavier Sala-i-Martin, 2002. "The Disturbing "Rise" of Global Income Inequality," NBER Working Papers 8904, National Bureau of Economic Research, Inc.
- Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72, pages 584.
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