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Incentives For The Transition Towards The Circular Economy

Author

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  • George Cornel Dumitrescu

Abstract

In the current economic context, marked by the Covid-19 pandemic and the related uncertainty,decision-makers worldwide are looking for viable post-crisis solutions, being aware that the problems we are facing require an exhaustive and sustainable approach. The circular economy is getting more and more attention, especially at the European Union (EU) level, as an alternative to the linear economic model that prevailed until now. Using the latest technologies, methods and techniques to recycle and produce secondary raw materials is paramount for the transition to the circular economy. Consequently, our paper analyses if at the EU level there is a statistically significant correlation between the number of patents related to recycling and secondary raw materials and the persons with tertiary education and employed in science and technology. To this end, we rely on the Eurostat database and the tools of statistical analysis, and conclude that there is a trend synergy between the analysed variables, useful în the context of promoting the circular economy.

Suggested Citation

  • George Cornel Dumitrescu, 2020. "Incentives For The Transition Towards The Circular Economy," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 12(1), pages 14-25.
    • Handle: RePEc:iem:journl:v:12:y:2020:i:1:p:14-25
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    File URL: http://iem.ro/rem/index.php/REM/article/view/748/831
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    More about this item

    Keywords

    the circular economy; patents; tertiary education; recycling; secondary raw materials; EU;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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