Exogenous data

A

Total factor productivity (TFP), used as a calibration factor, similar to the Solow residual

L

Labor force (population aged 15-64)

Neg

Negishi weight

P

Population

$\overline{Y}$

Reference GDP from marker scenarios of Shared Socioeconomic Pathway (SSP)

Endogenous variables

C

Aggregate consumption

c

Aggregate consumption per capita

EL

Electricity

EXT

Environmental external cost

F

Production function

FC

Cost of fuel minerals (energy) supply chain

GS

Genuine Savings

H

Aggregate stock of human capital

I

Investment in the physical capital

Inv

Inventories like CO₂, SO_X, NO_X, extraction and disposal of non-fuel minerals, and land cover change

K

Aggregate stock of physical capital

LC

Cost of land use and land use change with food and biomass supply chain

LR

Land resources

M

Non-fuel mineral resources

NE

Non-electric energy resources

NFC

Cost of non-fuel minerals supply chain

s

time for integration

S

Average education years

SP

Shadow prices of all capital forms

t

continuous time

TC

Total cost; sum of FC+NFC+LC

U

Aggregated utility

u

per capita utility

V

Social welfare, inter-temporal well-being

W

Global social welfare, comprehensive wealth

W^OB/WB

Wealth accounted by adjusted consumption, outcome based (OB) by the World Bank Group

X

Mined products input to processing

Y

Net output

Constant parameters

DR

Damage factors expressing Dose-Response relations in the lifecycle assessment model LIME

MWTP

Weighting factors derived from marginal willingness to pay (MWTP) in LIME

T

Time to sum over years to obtain intertemporal well-being

δ

Annual rate of physical capital depreciation, set as 0.07 - 0.18

η

Elasticity of marginal utility of consumption, default set as 1.5

$\varphi$

Individual human capital stock by education

ρ

Pure rate of time preference, default set as 0.015

τ

TFP growth rate