Logo
Unionpedia
Communication
Get it on Google Play
New! Download Unionpedia on your Android™ device!
Free
Faster access than browser!
 

Penn effect and Purchasing power parity

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

Difference between Penn effect and Purchasing power parity

Penn effect vs. Purchasing power parity

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. 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.

Similarities between Penn effect and Purchasing power parity

Penn effect and Purchasing power parity have 12 things in common (in Unionpedia): Balassa–Samuelson effect, Big Mac Index, Central bank, Exchange rate, Gross domestic product, India, Law of one price, Neoclassical economics, Penn World Table, The Economist, Tradability, United States dollar.

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 effect · Balassa–Samuelson effect and Purchasing power parity · See more »

Big Mac Index

The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries.

Big Mac Index and Penn effect · Big Mac Index and Purchasing power parity · See more »

Central bank

A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates.

Central bank and Penn effect · Central bank and Purchasing power parity · See more »

Exchange rate

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

Exchange rate and Penn effect · Exchange rate and Purchasing power parity · See more »

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.

Gross domestic product and Penn effect · Gross domestic product and Purchasing power parity · See more »

India

India (IAST), also called the Republic of India (IAST), is a country in South Asia.

India and Penn effect · India and Purchasing power parity · See more »

Law of one price

"The law of one price (LOOP) states that in the absence of trade frictions (such as transport costs and tariffs), and under conditions of free competition and price flexibility (where no individual sellers or buyers have power to manipulate prices and prices can freely adjust), identical goods sold in different locations must sell for the same price when prices are expressed in a common currency.

Law of one price and Penn effect · Law of one price and Purchasing power parity · See more »

Neoclassical economics

Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

Neoclassical economics and Penn effect · Neoclassical economics and Purchasing power parity · See more »

Penn World Table

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.

Penn World Table and Penn effect · Penn World Table and Purchasing power parity · See more »

The Economist

The Economist is an English-language weekly magazine-format newspaper owned by the Economist Group and edited at offices in London.

Penn effect and The Economist · Purchasing power parity and The Economist · See more »

Tradability

Tradability is the property of a good or service that can be sold in another location distant from where it was produced.

Penn effect and Tradability · Purchasing power parity and Tradability · See more »

United States dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.

Penn effect and United States dollar · Purchasing power parity and United States dollar · See more »

The list above answers the following questions

Penn effect and Purchasing power parity Comparison

Penn effect has 40 relations, while Purchasing power parity has 72. As they have in common 12, the Jaccard index is 10.71% = 12 / (40 + 72).

References

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

Hey! We are on Facebook now! »