Exchange rates, productivity, poverty and inequality

Kenneth Clements and Yihui Lan

Applied Economics, 2007, vol. 39, issue 4, 471-476

Abstract: This 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.

Date: 2007
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Working Paper: Exchange Rates, Productivity, Poverty and Inequality (2004)
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DOI: 10.1080/00036840500439101

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