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of low emissions compatible with sustainable levels of human welfare? With steady growth in human quality of life …. We specify and calibrate a dynamic model with four intertemporal links: education, physical capital, knowledge and the … life (QuoL), emphasizes education, knowledge, and the environment, affected by greenhouse gas emissions, in addition to …
Persistent link: https://www.econbiz.de/10010547230
human welfare? Our welfare index, called quality of life (QuoL), emphasizes education, knowledge, and the environment. We … construct and calibrate a multigenerational model with intertemporal links provided by education, physical capital, knowledge … and the environment. We reject discounted utilitarianism and adopt, first, the Intergenerational Maximin criterion, and …
Persistent link: https://www.econbiz.de/10005463990
index, called quality of life (QuoL), emphasizes education, knowledge, and the environment. We calibrate a multigenerational … model with education, physical capital, knowledge and the environment. We reject discounted utilitarianism and adopt, first …, the Intergenerational Maximin criterion, and, second, Human Development Optimization, that maximizes the QuoL of the first …
Persistent link: https://www.econbiz.de/10008620426
Maximin) criterion, and, second, the Sustainable Growth Optimization criterion, that maximizes the utility of the first … human welfare? Our welfare or utility index emphasizes education, knowledge, and the environment. We construct and calibrate … a multigenerational model with intertemporal links provided by education, physical capital, knowledge and the …
Persistent link: https://www.econbiz.de/10005708011
Climate science indicates that climate stabilization requires low GHG emissions. Is this consistent with nondecreasing human welfare?
Persistent link: https://www.econbiz.de/10011056137
emissions require heavy investments in education and knowledge. Northern and Southern growth must be restricted to 1% and 2 … simultaneously address growth expectations and economic development? We postulate a two-region world and, based on sustainability and … welfare per capita to a path of sustained growth of 1% per year by 2080, while global CO2 emissions are restricted to the …
Persistent link: https://www.econbiz.de/10010895675
Development Reports, to include not only consumption, but also education, leisure, the stock of knowledge and the quality of the … hand, the stock of knowledge is twice as large, and education is four times as large. So if the true social welfare index … intensive ones, like knowledge, education, and leisure. …
Persistent link: https://www.econbiz.de/10010318844
Development Reports, to include not only consumption, but also education, leisure, the stock of knowledge and the quality of the … hand, the stock of knowledge is twice as large, and education is four times as large. So if the “true” social welfare index … towards less intensive ones, like knowledge, education, and leisure. …
Persistent link: https://www.econbiz.de/10010575242
education in South. Surprisingly, in order to sustain Norths utility growth rate, some output must be transferred from South to … 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 …
Persistent link: https://www.econbiz.de/10010547479
Mankind must cooperate to reduce greenhouse gas (GHG) emissions to prevent a catastrophic rise in global temperature, with its concomitant effects on sea level, rainfall, drought, storms, agricultural production, and human migration. What is the appropriate way of evaluating how the costs of...
Persistent link: https://www.econbiz.de/10010611339