I guess I’m concerned that if the scenario continues of less-developed countries catching up with developed countries that an adjustment based on differing present day incomes would be too strong. Have you tried contacting the authors to find out what they actually did?
I guess I’m concerned that if the scenario continues of less-developed countries catching up with developed countries that an adjustment based on differing present day incomes would be too strong. Have you tried contacting the authors to find out what they actually did?