10.25411/aru.10110710
Aled Jones
Aled
Jones
Roberto Pasqualino
Roberto
Pasqualino
Economic Risk, Resources and Environment (ERRE) model
Anglia Ruskin Research Online (ARRO)
2020
Economic risks
sustainability
energy changes
Environmental Impacts
climate change impact assessment
Applied Economics not elsewhere classified
Econometric and Statistical Methods
Economic Models and Forecasting
Environment and Resource Economics
Applied economics not elsewhere classified
Econometric and statistical methods
Economic models and forecasting
Environment and resource economics
2020-03-04 11:07:50
Software
https://aru.figshare.com/articles/software/Economic_Risk_Resources_and_Environment_ERRE_model/10110710
<div><b>Economic
Risk, Resources and Environment</b> (ERRE) is a system dynamics model whose purpose
is to analyse the financial pressures emerging from global economic growth while
coping with natural limits in both energy and agricultural systems. A major
feature of the model is to integrate in the same framework both the dynamic
evolution of long term phenomena (e.g. energy transition, climate effects) and the short to medium term
structures that are more relevant to decision making in the real world (e.g.
extreme weather effects,
irrational behaviours of markets). </div><div><br></div><div>A book,<b><i> Resources, Financial Risk and Dynamics of Growth: Systems and Global Society</i></b> by Roberto Pasqualino and Aled Jones, was published in 2020 by Routledge and describes the background to this model development. Here you will find the appendix to that book (Appendix_ERRE.pdf) which contains the detail equations and model structure alongside the Vensim ERRE model (ERRE_Model_10012020.vpm), a short guide (ERRE Vensim Reader Guide.pdf) and scenario runs and data (*.vdf files). </div><div><br></div><div>This model was built in <b><i>Vensim 7</i></b> (https://vensim.com/vensim-7-release/) which should be used to run this model to reproduce the same output as presented in the book. You can install Vensim 7 using the VensimREDx32Setup.exe file included here. There may be some differences if using a different version of Vensim due to different rounding approaches used in the software platform. </div><div><br></div>