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Circular Economy - Sustainable Development Between Present And Future

Author

Listed:
  • POPA, Viorica

    (National Institute for Economic Research, Chisinau, Republic of Moldova)

  • CEBAN, Alexandru

    (National Institute for Economic Research, Chisinau, Republic of Moldova)

  • POPA, Nicolae

    (National Institute for Economic Research, Chisinau, Republic of Moldova)

Abstract

The actuality of the research is determined by the insufficient theoretical-methodological substantiation of the concept of circular economy as a driving force of sustainable development. This requires the conceptualization and further development of the sustainable development methodology. Theoretical approaches should be able to adapt to the specifics of our country, taking into account the influence of natural, economic and institutional factors. The objective of the study is to analyze the applicability of modern interpretations of the circular economy and circular economy models to the conditions of the national economy. The hypothesis is formulated based on the results presented in the analysis section of the specialized literature and consists in the fact that one of the basic rules of the circular economy is the transformation of waste into new resources for other industries. The process of transition to a circular economy is closely linked to the reconsideration of sustainable consumption and production patterns in order to identify future development opportunities. The research approach is of a theorized type, as it folds on the aspect of the evolution of the notion of circular economy. This study was developed within the State Program 20.80009.0807.22 "Development of the mechanism for formation of the circular economy in the Republic of Moldova” and State Program 20.80009.0807.16 "Development of new economic instruments for assessing and stimulating the competitiveness of agriculture of the Republic of Moldova for 2020-2023" funded from the state budget through the National Agency for Research and Development of the Republic of Moldova.

Suggested Citation

  • POPA, Viorica & CEBAN, Alexandru & POPA, Nicolae, 2022. "Circular Economy - Sustainable Development Between Present And Future," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 10(1), pages 291-307, October.
    • Handle: RePEc:vls:rojfme:v:10:y:2022:i:1:p:291-307
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    More about this item

    Keywords

    circular economy; European framework; transition; green economy; waste hierarchy; degree of recycling;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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