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|
|Date of revision:|
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Web page: http://www.business.uwa.edu.au/school/disciplines/economics
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- Xavier Sala-i-Martin, 2001.
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- Bewley, Ronald & Fiebig, Denzil G, 1990.
"Why Are Long-run Parameter Estimates So Disparate?,"
The Review of Economics and Statistics,
MIT Press, vol. 72(2), pages 345-49, May.
- Bewley, R. & Fiebig, D.G., 1989. "Why Are Long-Run Parameter Estimates So Disparate?," Papers 89-3, New South Wales - School of Economics.
- Samuelson, Paul A, 1994. "Facets of Balassa-Samuelson Thirty Years Later," Review of International Economics, Wiley Blackwell, vol. 2(3), pages 201-26, October.
- Angus Deaton, 2003.
"Measuring Poverty in a Growing World (or Measuring Growth in a Poor World),"
NBER Working Papers
9822, National Bureau of Economic Research, Inc.
- Angus Deaton, 2005. "Measuring Poverty in a Growing World (or Measuring Growth in a Poor World)," The Review of Economics and Statistics, MIT Press, vol. 87(1), pages 1-19, February.
- Angus Deaton, 2004. "Measuring poverty in a growing world (or measuring growth in a poor world)," Working Papers 178, Princeton University, Woodrow Wilson School of Public and International Affairs, Research Program in Development Studies..
- Ravallion, Martin, 2001.
"Measuring aggregate welfare in developing countries - How well do national accounts and surveys agree?,"
Policy Research Working Paper Series
2665, The World Bank.
- Martin Ravallion, 2003. "Measuring Aggregate Welfare in Developing Countries: How Well Do National Accounts and Surveys Agree?," The Review of Economics and Statistics, MIT Press, vol. 85(3), pages 645-652, August.
- Zellner, Arnold, 1978. "Estimation of functions of population means and regression coefficients including structural coefficients : A minimum expected loss (MELO) approach," Journal of Econometrics, Elsevier, vol. 8(2), pages 127-158, October.
- 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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