Clements, Kenneth; Lan, Yihui - In: Applied Economics 39 (2007) 4, pp. 471-476
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...