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North-South convergence and the allocation of CO2 emissions

Mostra el registre parcial de l'element Llavador, Humberto Roemer, John E. Silvestre, Joaquim
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa 2017-07-26T10:50:35Z 2017-07-26T10:50:35Z 2010-08-01
dc.description.abstract We postulate a two-region world, comprised of North (calibrated after the US) and South (calibrated after China). Our optimization results show the compatibility of the following three desiderata: (1) Global CO2 emissions follow a conservative path that leads to the stabilization of concentrations at 450 ppm. (2) North and South converge to a path of sustained growth at 1% per year (28.2% per generation) in 2075. (3) During the transition to the steady state, North also grows at 1% per year while South s rates of growth are markedly higher. The transition paths require a drastic reduction of the share of emissions allocated to North, large investments in knowledge, both in North and South, as well as very large investments in education in South. Surprisingly, in order to sustain North s utility growth rate, some output must be transferred from South to North during the transition. Although undoubtedly subject to many caveats, our results support a degree of optimism by providing prima facie evidence of the possibility of tackling climate change in a way that is fair both across generations and across regions while allowing for positive rates of human development.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 1234
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.title North-South convergence and the allocation of CO2 emissions
dc.type info:eu-repo/semantics/workingPaper 2017-07-23T02:13:29Z
dc.subject.keyword convergence
dc.subject.keyword co2 emissions
dc.subject.keyword north-south
dc.subject.keyword climate change
dc.subject.keyword sustainability
dc.subject.keyword growth.
dc.subject.keyword Microeconomics
dc.subject.keyword Labour, Public, Development and Health Economics
dc.rights.accessRights info:eu-repo/semantics/openAccess

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