Penn effect
The Penn effect is the economic finding that real income ratios between high and low income countries are systematically exaggerated by GDP conversion at market exchange rates. It has been a consistent econometric result for at least fifty years.
Related Topics:
Economic - Income - GDP - Exchange rates - Econometric
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The "Balassa-Samuelson effect" is a model cited as the principal cause of the Penn effect by neo-classical economics, as well as being a synonym of "Penn effect".
Related Topics:
Balassa-Samuelson effect - Neo-classical economics
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~ Table of Content ~
| ► | Introduction |
| ► | History |
| ► | Understanding the Penn effect |
| ► | The international development implications |
| ► | See also |
| ► | External links |
| ► | References |
| ► | Footnotes |
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