On latitude and affluence: The equatorial grand canyon
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Our objective is to “explain” per capita GDPs by the countries' latitude, using PPP-based data for 138 countries in 1985 (PPP = purchasing power parity). A simple approach is formulated which nevertheless accounts for as much as two-thirds of the variance of the per capita GDPs.
JEL Classification System-NumbersC10 F00
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