Penn effect

noun

The finding that commodity prices are higher in countries with higher income.

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Meanings

nounPenn effect (plural Penn effects)

plural Penn effects

  1. economicsThe finding that commodity prices are higher in countries with higher income.

Origin

Named after the University of Pennsylvania.

Full word history & related roots →
Cite this entry
APA

Penn effect. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/Penn%20effect

MLA

“Penn effect.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Penn%20effect. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “Penn effect,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/Penn%20effect.

Source: Penn effect on Wiktionary, CC BY-SA 4.0.