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The Role of Innovation and New Technologies in Closing the Economic Circuit of Electrical and Electronic Equipment

Author

Listed:
  • Vasile Dinu

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Giani Ionel Gradinaru

    (Bucharest University of Economic Studies, Bucharest, Romania and Institute of National Economy, Romanian Academy, Bucharest, Romania)

  • Alin Cristian Maricut

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Bogdan Florin Matei

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Digitisation and the circular economy open the possibility to ensure efficient products and services development, while promoting the sustainable development of social well-being. Despite being an area with high potential for adopting business models that integrate the perspective of the two concepts, the electrical and electronic sector depends on the opportunity cost that falls under the constraints on rethinking existing industrial processes to reduce non-reusable waste. Therefore, the present study will show the benefits of moving towards a circular model through innovation and new technologies, in accordance with the connection between digitisation and the circular economy at a territorial level. The results will highlight the particularities of the electrical and electronic equipment and the patterns regarding the approach to integrating the two concepts in the same sector, at the level of the EU bloc states.

Suggested Citation

  • Vasile Dinu & Giani Ionel Gradinaru & Alin Cristian Maricut & Bogdan Florin Matei, 2023. "The Role of Innovation and New Technologies in Closing the Economic Circuit of Electrical and Electronic Equipment," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(62), pages 1-12, February.
    • Handle: RePEc:aes:amfeco:v:25:y:2023:i:62:p:12
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    References listed on IDEAS

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    Cited by:

    1. Cosmina-Simona Toader & Ciprian Ioan Rujescu & Andrea Feher & Cosmin Salasan & Lavinia Denisia Cuc & Karoly Bodnar, 2023. "Generation Differences in the Behaviour of Household Consumers in Romania Related to Voluntary Measures to Reduce Electric Energy Consumption," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(64), pages 710-710, August.
    2. Violeta Mihaela Dinca & Simona Moagar-Poladian & Tanase Stamule & Puiu Nistoreanu, 2023. "The REPowerEU Plan and the Transition to Green Energy in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(64), pages 676-676, August.

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    More about this item

    Keywords

    electrical and electronic equipment; circular economy; innovation; new technologies;
    All these keywords.

    JEL classification:

    • C38 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Classification Methdos; Cluster Analysis; Principal Components; Factor Analysis
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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