Value transfer #91
Authors should refer to a number of guidance documents produced for value transfer. this will help the users to judge if value transfer is done right.
Before talking about adjustments, there is a whole process to help the users to select the appropriate value evidence from the literature. This is missing.
“Adjust for inflation” is odd. Value evidence used for this type of analysis should not include inflation. It should be in real (or shadow) price terms.
when adjusting across countries, most of the above mentioned literature prefers PPP adjustment.