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Promoting The Use Of The Circular Model And Its Relevance To Business

Author

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  • Gabriela PICIU

    (”Victor Slavescu” Financial and Monetary Research Center, Romanian Academy, Romania)

Abstract

The purpose of the article is to identify and evaluate a circular economic model for economic agents within a sustainable development paradigm. Understanding the concept of circular economy, its different dimensions, and the difficulties economic agents experience in implementing specific activities can facilitate a major transformation of current production and consumption patterns that will have a significant impact on the economy, environment and society. Understanding these effects is important for decision-makers involved in future policy making in the field. Promoting the use of the concept of enterprise circular economy and policy-making requires an analysis of the potential opportunities and benefits that a circular economy approach could bring to businesses and economies.

Suggested Citation

  • Gabriela PICIU, 2019. "Promoting The Use Of The Circular Model And Its Relevance To Business," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(4), pages 70-79.
    • Handle: RePEc:brc:brccej:v:4:y:2019:i:4:p:70-79
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    References listed on IDEAS

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    1. Vasileios Rizos & Arno Behrens & Wytze Van der Gaast & Erwin Hofman & Anastasia Ioannou & Terri Kafyeke & Alexandros Flamos & Roberto Rinaldi & Sotiris Papadelis & Martin Hirschnitz-Garbers & Corrado , 2016. "Implementation of Circular Economy Business Models by Small and Medium-Sized Enterprises (SMEs): Barriers and Enablers," Sustainability, MDPI, vol. 8(11), pages 1-18, November.
    2. D. Rachel Lombardi & Peter Laybourn, 2012. "Redefining Industrial Symbiosis," Journal of Industrial Ecology, Yale University, vol. 16(1), pages 28-37, February.
    3. Alan Murray & Keith Skene & Kathryn Haynes, 2017. "The Circular Economy: An Interdisciplinary Exploration of the Concept and Application in a Global Context," Journal of Business Ethics, Springer, vol. 140(3), pages 369-380, February.
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    More about this item

    Keywords

    circular economy; business model; resource ef?ciency; main process;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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