Penn effect
id:
penn-effect-320-12603786
title:
Penn effect
text:
The Penn effect is the economic finding that commodity prices are higher in countries with higher income. This is often interpreted to mean that real income ratios between high and low income countries are misrepresented by gross domestic product (GDP) conversion at market exchange rates. It is associated with what became the Penn World Table, and it has been a consistent econometric result since at least the 1950s. However, the "Penn effect", even as Samuelson used it, refers to the general obs
brand slug:
wiki
category slug:
encyclopedia
description:
Observed phenomenon in economics
original url:
https://en.wikipedia.org/wiki/Penn_effect
date created:
date modified:
2024-03-10T03:29:38Z
main entity:
{"identifier":"Q5054271","url":"https://www.wikidata.org/entity/Q5054271"}
image:
fields total:
13
integrity:
14