Talk:Penn effect
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This page needs a more descriptive, and more standard, name.
If someone is curious about why things are cheaper in poor countries there is almost no chance of them finding this page or Balassa-Samuelson effect based on their names. On top of the fact that the names are meaningless to non-economists is the fact that "Penn effect" is a fairly arbitrary name. I don't know how widespread this name is even within research macroeconomics. I should find out, but time is short. Anyway, I don't think there should be a page called "Balassa-Samuelson effect (hypothesis)" and "Balassa-Sameulson effect (empirical)" because:
- Giving them the same name implies that the BS-hypothesis is endorsed by Wikipedia as the explanation fot the PPP-deviation.
- It is necessary to refer to both of them frequently in the general discussion and having to do so with lengthy names is cumbersome to write and confusing to read. The names should be clearly differentiated but descriptive, and only one of them should contain the names of Samuelson or Balassa (in my opinion).
Wragge 00:36, 2005 May 19 (UTC)
