growth. We apply these criteria to our calibrated model via a novel algorithm inspired by the turnpike property. The computed … allocated to consumption and leisure are similar to the reference ones. On the other hand, higher growth rates require …

of low emissions compatible with sustainable levels of human welfare? With steady growth in human quality of life … of the first generation subject to achieving a given, constant rate of growth in all subsequent generations. Hence, our … paths entailing very low emissions in the future, positive rates of growth in QuoL are possible while the first generation …

Maximin) criterion, and, second, the Sustainable Growth Optimization criterion, that maximizes the utility of the first … generation subject to a given future rate of growth. We apply these criteria to our calibrated model via a novel algorithm … reference ones. On the other hand, higher growth rates require substantial increases in the fraction of labor devoted to …

of low emissions compatible with sustainable levels of human welfare? With steady growth in human quality of life … of the first generation subject to achieving a given, constant rate of growth in all subsequent generations. Hence, our … paths entailing very low emissions in the future, positive rates of growth in QuoL are possible while the first generation …

that leads to the stabilization of concentrations at 450 ppm. (2) North and South converge to a path of sustained growth at … year while Souths rates of growth are markedly higher. The transition paths require a drastic reduction of the share of … education in South. Surprisingly, in order to sustain Norths utility growth rate, some output must be transferred from South to …

generation subject to a given future rate of growth. The computed paths have a QuoL higher than the year 2000 level for all … allocated to consumption and leisure are similar to the reference ones. Higher growth rates require substantial increases in the …