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Updated: Jul 30, 2025

The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
Published on: August 25, 2023
Technical comment on "Fairness considerations in global mitigation investments"
Gregor Semieniuk1, Jayati Ghosh1, Nancy Folbre1
1Political Economy Research Institute and Department of Economics, University of Massachusetts Amherst, Amherst, MA 01003, USA.
Abstract:
In an otherwise excellent analysis of fair regional shares of global mitigation investments, Pachauri et al. (Policy Forum, 9 December 2022, p. 1057) dramatically overestimate developing countries' 'capability' to invest by estimating GDP using purchasing power parity exchange rates. Since internationally sourced investment goods must be paid for at market exchange rates, capability-based interregional finance flows should be vastly larger.
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