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An economic index for measuring firm’s circularity: The case of water industry

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  • Kayal, Bassam
  • Abu-Ghunmi, Diana
  • Abu-Ghunmi, Lina
  • Archenti, Andreas
  • Nicolescu, Mihai
  • Larkin, Charles
  • Corbet, Shaen

Abstract

Transition toward circular-economy model is a must to sustain the planet resources. Under circular economy model wastewater is transformed from a waste into a resource. Therefore, a comprehensive circular economy index; the Circonomics Index, is proposed to measure circularity of wastewater industry. The component indicators of the index are linked directly to the three Rs; reduce, reuse and recycle, of circular economy. The novelty of the proposed Index is that it uses objectively constructed weights that reflect the environmental benefits of the treatment process, and the index captures the reuse and recycling efficiency of an WWTP, which reflect the specific nature of wastewater. The findings show that treatment technology is a major factor in determining the production efficiency, reuse rate and recycling performance of a WWTP. The results of using the Circonomics Index have profound implication for policy makers to speed up the process of moving to a circular economy.

Suggested Citation

  • Kayal, Bassam & Abu-Ghunmi, Diana & Abu-Ghunmi, Lina & Archenti, Andreas & Nicolescu, Mihai & Larkin, Charles & Corbet, Shaen, 2019. "An economic index for measuring firm’s circularity: The case of water industry," Journal of Behavioral and Experimental Finance, Elsevier, vol. 21(C), pages 123-129.
    • Handle: RePEc:eee:beexfi:v:21:y:2019:i:c:p:123-129
    DOI: 10.1016/j.jbef.2018.11.007
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    References listed on IDEAS

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    1. Moll, Stephan & Bringezu, Stefan & Schütz, Helmut, 2005. "Resource use in European countries: An estimate of materials and waste streams in the community, including imports and exports using the instrument of material flow analysis," Wuppertal Reports 1, Wuppertal Institute for Climate, Environment and Energy.
    2. Andrew Sharpe, 2004. "Literature Review of Frameworks for Macro-indicators," CSLS Research Reports 2004-03, Centre for the Study of Living Standards.
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    Cited by:

    1. Kumar, Satish & Rao, Sandeep & Goyal, Kirti & Goyal, Nisha, 2022. "Journal of Behavioral and Experimental Finance: A bibliometric overview," Journal of Behavioral and Experimental Finance, Elsevier, vol. 34(C).
    2. Elisabeth Viles & Javier Santos & Tamara Fernández Arévalo & Martín Tanco & Florencia Kalemkerian, 2020. "A New Mindset for Circular Economy Strategies: Case Studies of Circularity in the Use of Water," Sustainability, MDPI, vol. 12(22), pages 1-12, November.

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