The circular economy and sustainable development in the European Union's new member states
Article Sidebar
Main Article Content
Abstract
The transition to a circular economy could not be avoided, but it should be oriented to ensure the achievement of sustainable development. The limited data availability and lack of enough studies for new EU member states are the main gaps in the literature partially covered by this research. A macroeconomic approach based on panel data models and Bayesian random linear regression models was conducted for Cyprus, Latvia, Lithuania, Hungary, Poland, Romania, Slovenia, and Slovakia from 2008-2020. The results indicated that gross investment in tangible goods and more employed people in circular economy sectors are necessary to support economic growth. Moreover, mapping the jobs in a circular economy is required to support a sustainable circular economy.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
This work (article) is licensed under a Creative Commons Attribution 4.0 International License.
References
Barbieri, L. (2009). Panel unit root tests under cross-sectional dependence: An overview. Journal of Statistics: Advances in Theory and Applications, 1(2), 117-158.
Barreiro‐Gen, M., & Lozano, R. (2020). How circular is the circular economy? Analysing the implementation of circular economy in organisations. Business Strategy and the Environment, 29(8), 3484-3494. https://doi.org/10.1002/bse.2590
Bastein, A. G. T. M., Roelofs, E., Rietveld, E., & Hoogendoorn, A. (2013). Opportunities for a circular economy in the Netherlands (pp. 1-13). Delft: TNO.
Bauwens, T. (2021). Are the circular economy and economic growth compatible? A case for post-growth circularity. Resources, Conservation and Recycling, 175, 105852. https://doi.org/10.1016/j.resconrec.2021.105852
Bauwens, T., Gotchev, B., & Holstenkamp, L. (2016). What drives the development of community energy in Europe? The case of wind power cooperatives. Energy Research & Social Science, 13, 136-147. https://doi.org/10.1016/j.erss.2015.12.016
Boulding, K. E. (1965). Earth as a space ship. Washington State University Committee on Space Sciences, 10.
Busu, M. (2019). Adopting circular economy at the European Union level and its impact on economic growth. Social Sciences, 8(5), 159. https://doi.org/10.3390/socsci8050159
Cotae, C. E. (2015). Regional performances in the context of a transition towards the circular economy: Structuring the assessment framework. Ecoforum Journal, 4.
Geng, Y., Sarkis, J., & Ulgiati, S. (2016). Sustainability, well-being, and the circular economy in China and worldwide. Science, 6278(Supplement), 73-76.
George, D. A., Lin, B. C. A., & Chen, Y. (2015). A circular economy model of economic growth. Environmental Modelling & Software, 73, 60-63. https://doi.org/10.1016/j.envsoft.2015.06.014
Ghosh, S. K. (Ed.). (2020). Circular economy: Global perspective. Singapore: Springer. https://doi.org/10.1007/978-981-15-1052-6
Gu, P., & Sosale, S. (1999). Product modularization for life cycle engineering. Robotics and Computer-Integrated Manufacturing, 15(5), 387-401. https://doi.org/10.1016/S0736-5845(99)00049-6
Hu, Y., He, X., & Poustie, M. (2018). Can legislation promote a circular economy? A material flow-based evaluation of the circular degree of the Chinese economy. Sustainability, 10(4), 990. https://doi.org/10.3390/su10040990
Hysa, E., Kruja, A., Rehman, N. U., & Laurenti, R. (2020). Circular economy innovation and environmental sustainability impact on economic growth: An integrated model for sustainable development. Sustainability, 12(12), 4831. https://doi.org/10.3390/su12124831
Kalmykova, Y., Sadagopan, M., & Rosado, L. (2018). Circular economy–From review of theories and practices to development of implementation tools. Resources, conservation and recycling, 135, 190-201. https://doi.org/10.1016/j.resconrec.2017.10.034
Khmara, Y., & Kronenberg, J. (2018). Degrowth in business: An oxymoron or a viable business model for sustainability?. Journal of Cleaner Production, 177, 721-731. https://doi.org/10.1016/j.jclepro.2017.12.182
Lantitsou, K. I. (2017). Eco-development and environmental spatial planning. Fresenius Environmental Bulletin, 26(2), 1291-1300.
Lüdeke‐Freund, F., Gold, S., & Bocken, N. M. (2019). A review and typology of circular economy business model patterns. Journal of Industrial Ecology, 23(1), 36-61. https://doi.org/10.1111/jiec.12763
Lyasnikov, N., Dudin, M., Sekerin, V., Veselovsky, M., & Aleksakhina, V. (2014). The national innovation system: the conditions of its making and factors in its development. Life Science Journal, 11(6), 535-538.
McDowall, W., Geng, Y., Huang, B., Barteková, E., Bleischwitz, R., Türkeli, S., ... & Doménech, T. (2017). Circular economy policies in China and Europe. Journal of Industrial Ecology, 21(3), 651-661. https://doi.org/10.1111/jiec.12597
Mitchell, P., & James, K. (2015). Economic growth potential of more circular economies. Waste and Resources Action Programme (WRAP): Banbury, UK.
Nesterova, I. (2020). Degrowth business framework: Implications for sustainable development. Journal of Cleaner Production, 262, 121382. https://doi.org/10.1016/j.jclepro.2020.121382
Ormazabal, M., Prieto-Sandoval, V., Puga-Leal, R., & Jaca, C. (2018). Circular economy in Spanish SMEs: challenges and opportunities. Journal of Cleaner Production, 185, 157-167. https://doi.org/10.1016/j.jclepro.2018.03.031
Palm J, Bocken N. (2021). Achieving the circular economy: exploring the role of local governments, business and citizens in an urban context. Energies. 14(4), 875. https://doi.org/10.3390/en14040875
Pao, H. T., & Fu, H. C. (2013). Renewable energy, non-renewable energy and economic growth in Brazil. Renewable and Sustainable Energy Reviews, 25, 381-392. https://doi.org/10.1016/j.rser.2013.05.004
Pesaran, M. H., Ullah, A., & Yamagata, T. (2008). A bias‐adjusted LM test of error cross‐section independence. The Econometrics Journal, 11(1), 105-127. https://doi.org/10.1111/j.1368-423X.2007.00227.x
Schroeder, P., Anggraeni, K., & Weber, U. (2019). The relevance of circular economy practices to the sustainable development goals. Journal of Industrial Ecology, 23(1), 77-95. https://doi.org/10.1111/jiec.12732
Sehnem, S., Vazquez-Brust, D., Pereira, S. C. F., & Campos, L. M. (2019). Circular economy: benefits, impacts and overlapping. Supply Chain Management: An International Journal, 24(6), 784-804. https://doi.org/10.1108/SCM-06-2018-0213