scholarly journals Environmental Factors and Sustainability of the Circular Economy Model at the European Union Level

2019 ◽  
Vol 11 (4) ◽  
pp. 1114 ◽  
Author(s):  
Carmen Trica ◽  
Cristian Banacu ◽  
Mihail Busu
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Environmental Factors ◽  
Circular Economy ◽  
Recycling Rate ◽  
The European Union ◽  
Environmental Innovation ◽  
Economy Model ◽  
Factors Affecting ◽  
Resource Productivity

In this paper, we develop a methodology for studying the sustainability of the circular economy model based on environmental factors. In open-end systems, waste is converted back to materials and objects through recycling; hence, a linear economy is transformed into a circular economy. Environmental factors support an argument for the sustainable implementation of a circular economy. As humans are producing and using more and more matter and energy for the economy, the environment and recycling become more and more important factors affecting public health. The aim of this study is to present the economic factors of the sustainable development of a circular economy, based on the findings of the economic literature in the field. Starting with the Mankiw–Romer–Weil model of economic growth based on resource productivity, environmental employment, recycling rate and environmental innovation, three statistical hypotheses were validated through a panel data model with the use of the statistical software EViews 9. An econometric analysis was performed for 27 European Union countries between 2007 and 2016. The results highlight that the extended Mankiw–Romer–Weil model is determined by resource productivity, environmental employment, recycling rate and environmental innovation. Investing in recycling infrastructure and innovative resources is essential for the econometric model presented in our analysis, which is in line with the aims of environmental protection and sustainable economic growth.

scholarly journals Sustainability of Circular Economy Indicators and Their Impact on Economic Growth of the European Union

2019 ◽  
Vol 11 (19) ◽  
pp. 5481 ◽  
Author(s):  
Mihail Busu ◽  
Carmen Lenuta Trica
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Regression Model ◽  
Circular Economy ◽  
Time Frame ◽  
Environmental Indicators ◽  
Environmental Taxes ◽  
Recycling Rate ◽  
The European Union ◽  
Multilinear Regression

In this paper, we develop a methodology for studying the sustainability of the circular economy model, based on environmental indicators, and its impact on European Union (EU) economic growth. In open-end systems, waste is converted back to materials and objects through recycling; hence, a linear economy is transformed into a circular economy (CE). Environmental factors support the argument for the sustainable implementation of a circular economy. The main objective of this paper is to analyze the sustainability of the CE indicators and to elaborate a multilinear regression model with panel data for determining the dependency of the main CE factors on EU economic growth. Starting with the model of economic growth based on circular material use rate, recycling rate of municipal waste (RRMW), trade in recycling materials, labor productivity, environmental taxes, and resource productivity as independent variables, six statistical hypotheses were validated through a multiple regression model with the use of the statistical software EViews 11. The research study was conducted for 27 EU countries, and the data was collected from the European Union Statistical Office (EUROSTAT), during the time frame 2010 to 2017. Based on econometric modeling, the paper highlights that circular economy generates sustainable economic growth across the EU.

scholarly journals Adopting Circular Economy at the European Union Level and Its Impact on Economic Growth

2019 ◽  
Vol 8 (5) ◽  
pp. 159 ◽  
Author(s):  
Mihail Busu
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Circular Economy ◽  
Energy Use ◽  
Time Frame ◽  
Green Energy ◽  
Municipal Waste ◽  
Recycling Rate ◽  
The European Union ◽  
European Union Level

Based on the findings of the economic studies on the implications of industrialization in the case of growing economies, this study aims to present the economic factors that are at the basis of the development of circular economy at the European Union level. Starting with the model of economic growth based on the recycling rate of municipal waste, human capital, productivity of the resources, and green energy use, three statistical hypotheses were validated through a panel data model with the use of EViews 10 statistical software. The analysis was conducted for 27 European Union countries during the time frame 2008–2017. The paper highlights that the circular economy model is determined by resource productivity, labor employed in environmental protection, recycling rate of municipal waste, and renewable energy use.

scholarly journals EVALUATION OF THE IMPLEMENTATION OF THE CIRCULAR ECONOMY IN EU COUNTRIES IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT

2020 ◽  
Vol 21 (2) ◽  
pp. 704-712
Author(s):  
Myroslav Kryshtanovych ◽  
Viktoriia Filippova ◽  
Maryna Huba ◽  
Olga Kartashova ◽  
Oleksandr Molnar
Keyword(s):  
European Union ◽  
Sustainable Development ◽  
Circular Economy ◽  
The European Union ◽  
Basic Tool ◽  
Economy Model ◽  
The World ◽  
General Scientific ◽  
Circulating Economy

The circular economy is interpreted as a stable economic system, which aims at eliminating the consequences and costs, as well as providing a constant cycle of necessary resources. That is why it is so important to conduct its assessment today. The object of the article is the state of the circulating economy of the leading countries of the world. The purpose of the article is to assess the possibilities and mechanisms of the circular economy in the context of the introduction of the European Union. The methodological basis is a system of mutually complementary general scientific and special methods of cognition. To assess the quality of the implementation of the circular economy, we have chosen the recycling method as the most relevant and easiest to use. The study examined the essence, progress, principles and main advantages of using the circular economy model in the context of implementing this model in 20 countries of the European Union, and the model for analysing the processing possibilities in the European Union as a basic tool for assessing the implementation of a circular economy are presented.

scholarly journals Circular Economy Concept in the Context of Economic Development in EU Countries

2020 ◽  
Vol 12 (7) ◽  
pp. 3060 ◽  
Author(s):  
Zvonimira Sverko Grdic ◽  
Marinela Krstinic Nizic ◽  
Elena Rudan
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Environmental Protection ◽  
Circular Economy ◽  
Pearson Correlation ◽  
Municipal Waste ◽  
Recycling Rate ◽  
The European Union ◽  
Independent Variable ◽  
Linear Means

The need has arisen to implement a circular economic model that enables economic growth and prosperity in accordance with environmental protection and sustainable development because of the current unsustainable linear means of production in the economy. The aim of this paper is to determine the application of the circular economy concept in member countries of the European Union from 2008 to 2016. The purpose is to analyse whether economic development measured by GDP (gross domestic product) affects the analysed circular economy variables. Based on the hypotheses set, an econometric model was formed where GDP was identified as an independent variable, while the dependent variables were the production of municipal waste per capita, the recycling rate of municipal waste, the recycling rate of packaging waste by type of packaging, the recycling of bio-waste, and the recycling rate of e-waste. The first part of the statistical analysis conducted using the Stata software package shows the Pearson correlation between the abovestated variables, while the second part explores the univariate regression model. The results point towards the conclusion that the application of the circular economy concept can ensure economic growth and GDP growth while reducing the use of natural resources and ensuring greater environmental protection.

scholarly journals Circular Economy — Challenges for the Textile and Clothing Industry

2018 ◽  
Vol 18 (4) ◽  
pp. 337-347 ◽  
Author(s):  
Małgorzata Koszewska
Keyword(s):  
European Union ◽  
Literature Review ◽  
Circular Economy ◽  
Textile Industry ◽  
Clothing Industry ◽  
The European Union ◽  
Economy Model ◽  
Business People ◽  
Production And Consumption

Abstract The circular economy model has recently gained a lot of attention worldwide from scientists, business people and authorities. The importance of the transition towards a more circular economy has also been noticed in the European Union. The new regulations provide the enabling framework for the circular economy to flourish. At the same time, although there is no standardized approach to creating a circular economy, while defining appropriate policies, care must be taken that they are suitable for particular industries. The limits of the present linear economy model (take-make-waste) are extremely apparent when examining the textile and clothing industry. The transition to a circular economy requires significant changes in both production and consumption models. This article uses a literature review and industry examples to identify and evaluate challenges faced by the clothing and textile industry in adapting to the circular economy model.

European experience in transition to circular economy

2020 ◽  
Vol 19 (4) ◽  
pp. 598-617 ◽  
Author(s):  
S.V. Ratner
Keyword(s):  
European Union ◽  
Circular Economy ◽  
Raw Materials ◽  
Action Plan ◽  
National Level ◽  
The European Union ◽  
Scientific Methods ◽  
European Experience ◽  
General Scientific ◽  
The Eu

Subject. The article considers the concept of circular economy, which has originated relatively recently in the academic literature, and is now increasingly recognized in many countries at the national level. In the European Union, the transition to circular economy is viewed as an opportunity to improve competitiveness of the European Union, protect businesses from resource shortages and fluctuating prices for raw materials and supplies, and a way to increase employment and innovation. Objectives. The aim of the study is to analyze the incentives developed by the European Commission for moving to circular economy, and to assess their effectiveness on the basis of statistical analysis. Methods. I employ general scientific methods of research. Results. The analysis of the EU Action Plan for the Circular Economy enabled to conclude that the results of the recent research in circular economy barriers, eco-innovation, technology and infrastructure were successfully integrated into the framework of this document. Understanding the root causes holding back the circular economy development and the balanced combination of economic and administrative incentives strengthened the Action Plan, and it contributed to the circular economy development in the EU. Conclusions. The measures to stimulate the development of the circular economy proposed in the European Action Plan can be viewed as a prototype for designing similar strategies in other countries, including Russia. Meanwhile, a more detailed analysis of barriers to the circular economy at the level of individual countries and regions is needed.

EUROPEAN FISCAL RULES AS A LIABILITY IN THE TRANSATLANTIC TRADE CONFLICT: LESSONS FROM NiGEM SIMULATIONS

2020 ◽  
Vol 254 ◽  
pp. R54-R66 ◽  
Author(s):  
Sebastian Dullien ◽  
Sabine Stephan ◽  
Thomas Theobald
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Fiscal Policy ◽  
Fiscal Rules ◽  
The European Union ◽  
Negative Effects ◽  
Transatlantic Trade ◽  
The Us ◽  
Trump Administration

Under the Trump administration, a transatlantic trade conflict has been escalating step by step. First, it was about tariffs on steel and aluminium, then about retaliation for the French digital tax, which is suspended until the end of the year. Most recently, the US administration threatened the European Union with tariffs on cars and car parts because of Canadian seafood being subject to lower import duties. As simulations with NiGEM show, a further escalation of the transatlantic trade conflict has the potential to slow down economic growth significantly in the countries involved. This is a considerable risk given the fact that the countries have to cope with the enormous negative effects of the pandemic shock. Furthermore, the damage caused by the trade conflict depends on the extent to which the affected countries use fiscal policy to stabilise their economies.

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