Penn World Table and Penn effect

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Penn World Table and Penn effect

Penn World Table vs. Penn effect

The Penn World Table (PWT) is a set of national-accounts data developed and maintained by scholars at the University of California, Davis and the of the University of Groningen to measure real GDP across countries and over time. The Penn effect is the economic finding that real income ratios between high and low income countries are systematically exaggerated by gross domestic product (GDP) conversion at market exchange rates.

Similarities between Penn World Table and Penn effect

Penn World Table and Penn effect have 5 things in common (in Unionpedia): Balassa–Samuelson effect, Exchange rate, Gross domestic product, Purchasing power parity, Standard of living.

Balassa–Samuelson effect

The Balassa–Samuelson effect, also known as Harrod–Balassa–Samuelson effect (Kravis and Lipsey 1983), the Ricardo–Viner–Harrod–Balassa–Samuelson–Penn–Bhagwati effect (Samuelson 1994, p. 201), or productivity biased purchasing power parity (PPP) (Officer 1976) is the tendency for consumer prices to be systematically higher in more developed countries than in less developed countries.

Balassa–Samuelson effect and Penn World Table · Balassa–Samuelson effect and Penn effect · See more »

Exchange rate

In finance, an exchange rate is the rate at which one currency will be exchanged for another.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Purchasing power parity

Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power.

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Standard of living

Standard of living refers to the level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area, usually a country.

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The list above answers the following questions

What Penn World Table and Penn effect have in common
What are the similarities between Penn World Table and Penn effect

Penn World Table and Penn effect Comparison

Penn World Table has 24 relations, while Penn effect has 40. As they have in common 5, the Jaccard index is 7.81% = 5 / (24 + 40).

References

This article shows the relationship between Penn World Table and Penn effect. To access each article from which the information was extracted, please visit:

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