System dynamics and the environmental Kuznets curve in Peru (1990-2015)

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Nora Isabel Moreno Moreno

Abstract

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.

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Author Biography

Nora Isabel Moreno Moreno, University of Lima

Economista, Universidad de Lima, Lima, Perú. Magíster en Economía, Universidad de Lima, Lima, Perú. Docente de la Facultad de Ciencias Administrativas y Económicas, Universidad de Lima, Lima, Perú. Dirección: Avenida Javier Prado Este N° 4600, Distrito de Santiago de Surco. Correo electrónico: nmoreno@ulima.edu.pe

How to Cite

Moreno Moreno, N. I. (2018). System dynamics and the environmental Kuznets curve in Peru (1990-2015). Semestre Económico, 21(49), 57-88. https://doi.org/10.22395/seec.v21n49a3

References