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A Circular Economy Approach for Sustainable Economic Growth

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  • Dinda, Soumyananda

Abstract

This paper focuses on the circular economy model for sustainable development in the frame work of endogenous economic growth structure. Paper differentiates products and their consumptions, and also highlights the recycling of waste that reduces pressure of natural resource extractions and pollution generation. Recycling economic activities also contributes in the economic growth without degrading environment.

Suggested Citation

  • Dinda, Soumyananda, 2016. "A Circular Economy Approach for Sustainable Economic Growth," MPRA Paper 89587, University Library of Munich, Germany, revised Feb 2017.
    • Handle: RePEc:pra:mprapa:89587
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    File URL: https://mpra.ub.uni-muenchen.de/89587/1/MPRA_paper_89587.pdf
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    References listed on IDEAS

    as
    1. Romer, Paul M, 1986. "Increasing Returns and Long-run Growth," Journal of Political Economy, University of Chicago Press, vol. 94(5), pages 1002-1037, October.
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    6. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
    7. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    8. Korhonen, Jouni & Honkasalo, Antero & Seppälä, Jyri, 2018. "Circular Economy: The Concept and its Limitations," Ecological Economics, Elsevier, vol. 143(C), pages 37-46.
    9. Zengwei Yuan & Jun Bi & Yuichi Moriguichi, 2006. "The Circular Economy: A New Development Strategy in China," Journal of Industrial Ecology, Yale University, vol. 10(1‐2), pages 4-8, January.
    10. Philippe Aghion & Steven Durlauf (ed.), 2005. "Handbook of Economic Growth," Handbook of Economic Growth, Elsevier, edition 1, volume 1, number 1.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Soumyananda Dinda, 2020. "A circular economy approach for sustainable economic development," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 14(2), pages 174-189.

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    More about this item

    Keywords

    Circular Economy; Consumption; Economic Growth; Environmental Externality; Production; Sustainable Development; Recycle of Waste;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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