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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