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From Waste to Wealth: Identifying the Economic Impact of the Recycling Sector in Malaysia

Author

Listed:
  • Chakrin Utit

    (School of Business and Economics, Universiti Putra Malaysia)

  • Anitha Rosland

    (School of Business and Economics, Universiti Putra Malaysia)

  • M Yusof Saari

    (School of Business and Economics, Universiti Putra Malaysia)

  • Muhammad Daaniyall Abd Rahman

    (School of Business and Economics, Universiti Putra Malaysia)

Abstract

This paper assesses the economic impact of the recycling sector in Malaysia to gauge its potential for strengthening green-based economic growth in alignment with the Sustainable Development Goals (SDGs). This study employs a comparative impact assessment to analyse the input-output multiplier and linkages using the national input-output tables for 2005, 2010 and 2015. Our results indicate that the recycling sector has high potential to transform waste to wealth from which its value-added multiplier is sufficiently high and is also reinforced with high spillover effects. The recycling sector is identified as a strategic sector, where approximately 70% of its products are embodied in intermediate demand. This sector conforms to circular economy practices as other sectors in the economy are utilising recyclables for remanufacturing purposes. The value-added footprint level of the recycling sector also shows an increasing trend that implies its growing importance in supporting the growth of other production sectors in the economy. At the sectoral level, most of the recyclables are utilised by the Wholesale and Retail Trade sector. Hence, our work emphasises the importance of prioritising the recycling sector in development plans, as well as improving and strengthening the backward linkages between the recycling sector with other production sectors.

Suggested Citation

  • Chakrin Utit & Anitha Rosland & M Yusof Saari & Muhammad Daaniyall Abd Rahman, 2021. "From Waste to Wealth: Identifying the Economic Impact of the Recycling Sector in Malaysia," Malaysian Journal of Economic Studies, Faculty of Business and Economics, University of Malaya & Malaysian Economic Association, vol. 58(1), pages 125-143, June.
    • Handle: RePEc:mjr:journl:v:58:y:2021:i:1:p:125-143
    DOI: 10.22452/MJES.vol58no1.7
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    Cited by:

    1. CHIRVASE Ciprian-Sorin & ZAMFIR Andreea, 2023. "The Influence Of Digital Transformation In The Service Sector To Drive Sustainability," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 75(1), pages 109-120, April.

    More about this item

    Keywords

    Economic impact; embodied recycled materials; input-output analysis; recycling sector;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis

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