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Does Circular Economy Play a Key Role in Economic Growth?

Author

Listed:
  • Livio Ferrante

    (Department of Economics and Business - University of Catania)

  • Anna Rita Germani

    (Department of Juridical and Economic Studies - Sapienza University of Rome)

Abstract

The effects of the circular economy are highly debated, and its conceptualization has been accompanied by several controversies among policy-makers and businesses. In this work, we give an empirical contribution to the debate by focusing on the association of the circular economy with some socio-economic variables showing that, regardless of the environmental benefits, measures in favour of the implementation of circular economy practices can significantly and directly contribute to economic growth.

Suggested Citation

  • Livio Ferrante & Anna Rita Germani, 2020. "Does Circular Economy Play a Key Role in Economic Growth?," Economics Bulletin, AccessEcon, vol. 40(3), pages 1855-1862.
    • Handle: RePEc:ebl:ecbull:eb-20-00145
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    File URL: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I3-P160.pdf
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    References listed on IDEAS

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    1. Fenna Blomsma & Geraldine Brennan, 2017. "The Emergence of Circular Economy: A New Framing Around Prolonging Resource Productivity," Journal of Industrial Ecology, Yale University, vol. 21(3), pages 603-614, June.
    2. Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012. "Testing for Granger non-causality in heterogeneous panels," Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
    3. Heshmati, Almas, 2015. "A Review of the Circular Economy and its Implementation," IZA Discussion Papers 9611, Institute of Labor Economics (IZA).
    4. 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.
    5. Luciano Lopez & Sylvain Weber, 2017. "Testing for Granger causality in panel data," Stata Journal, StataCorp LLC, vol. 17(4), pages 972-984, December.
    6. Domenech, Teresa & Bahn-Walkowiak, Bettina, 2019. "Transition Towards a Resource Efficient Circular Economy in Europe: Policy Lessons From the EU and the Member States," Ecological Economics, Elsevier, vol. 155(C), pages 7-19.
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    Citations

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    Cited by:

    1. Rasmus Bøgh Holmen & Gianni Carvelli & Kristina Razminienė & Manuela Tvaronavičienė, 2025. "Macroeconomic Influences on Recycling in Europe: An Econometric Investigation," Circular Economy and Sustainability, Springer, vol. 5(1), pages 573-602, February.
    2. Paolo Lorenzo Ferrara & Michele La Noce & Gaetano Sciuto, 2023. "Sustainability of Green Building Materials: A Scientometric Review of Geopolymers from a Circular Economy Perspective," Sustainability, MDPI, vol. 15(22), pages 1-27, November.
    3. Marina Cavalieri & Paolo Lorenzo Ferrara & Claudio Finocchiaro & Marco Ferdinando Martorana, 2024. "An Economic Analysis of the Use of Local Natural Waste: Volcanic Ash of Mt. Etna Volcano (Italy) for Geopolymer Production," Sustainability, MDPI, vol. 16(2), pages 1-14, January.
    4. Felix H. Arion & Vardan Aleksanyan & Davit Markosyan & Iulia Diana Arion, 2023. "Circular Pathways to Sustainable Development: Understanding the Links between Circular Economy Indicators, Economic Growth, Social Well-Being, and Environmental Performance in EU-27," Sustainability, MDPI, vol. 15(24), pages 1-16, December.

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    Keywords

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    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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