Abstract

MORENO MORENO**, Nora Isabel. SYSTEM DYNAMICS AND THE ENVIRONMENTAL KUZNETS CURVE IN PERU (1990-2015). Semest. Econ. [online]. 2018, vol.21, n.49, pp.57-88. ISSN 0120-6346.  https://doi.org/10.22395/seec.v21n49a3.

This paper shows the importance of system dynamics as a complement for econometrics and its use for formulating economic policies through dynamic command tables. It explores the Environmental Kuznets curve hypothesis validity in Peru. Afterwards, the research models an influences diagram to describe the complex relationships between economy and environment. Finally, it offers a Forrester dynamic simulation for carbon dioxide (CO2), which combines Kaya’s identity with the process of Peru’s GDP formation, including renewable energy. This simulation model corroborates Kuznets’ results for CO2 and allows to design policies for the model’s generating variables.

JEL CLASSIFICATION: Q20, Q30, Q56

CONTENTS: Introduction; 1. Literature review; 2. Econometric approach to the environmental Kuznets curve; 3. Systemic analysis of the environmental Kuznets curve; 4. Conclusions; Bibliography.

Keywords : Environmental Kuznets curve; environmental economy; system dynamics..

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