The Penn-Belassa-Samuelson Effect in Developing Countries: Price and Income Revisited
The Penn-Belassa-Samuelson Effect in Developing Countries: Price and Income Revisited
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发展中国家的佩恩-贝拉萨-萨缪尔森效应：重新审视价格和收入
DOI：
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发表时间：
2011
期刊：
影响因子：
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通讯作者：
Fadi Hassan
中科院分区：
文献类型：
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作者：
Fadi Hassan
传统观点认为，富裕国家的物价水平高于贫穷国家。本文提供的证据表明，价格与收入关系是非线性的，并且在低收入国家，价格与收入关系会变成负值，或者充其量是持平的。结果在横截面和时间序列维度上都是稳健的。额外的稳健性检查表明，低收入国家购买力平价估算的偏差和测量误差不会导致结果。
It is conventional wisdom that richer countries have a higher price level than poorer countries. This paper provides evidence that the price-income relationship is non-linear and that it turns negative, or at best flat, in low income countries. The result is robust along both cross-section and time-series dimensions. Additional robustness checks show that biases in PPP estimation and measurement error in low-income countries do not drive the result.