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The Macroeconomics of the Circular Economy Transition: A Critical Review of Modelling Approaches

Author

Listed:
  • Andrew McCarthy

    (OECD)

  • Rob Dellink

    (OECD)

  • Ruben Bibas

    (OECD)

Abstract

This paper reviews the existing literature on modelling the macroeconomic consequences of the transition to a circular economy. It provides insights into the current state of the art on modelling policies to improve resource efficiency and the transition to a circular economy by examining 24 modelling-based assessments of a circular economy transition.

Suggested Citation

  • Andrew McCarthy & Rob Dellink & Ruben Bibas, 2018. "The Macroeconomics of the Circular Economy Transition: A Critical Review of Modelling Approaches," OECD Environment Working Papers 130, OECD Publishing.
    • Handle: RePEc:oec:envaaa:130-en
    DOI: 10.1787/af983f9a-en
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    Citations

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    Cited by:

    1. Egger, Peter & Keuschnigg, Christian, 2023. "Resource Dependence, Recycling, and Trade," Economics Working Paper Series 2306, University of St. Gallen, School of Economics and Political Science.
    2. Bongers, Anelí & Casas, Pablo, 2022. "The circular economy and the optimal recycling rate: A macroeconomic approach," Ecological Economics, Elsevier, vol. 199(C).
    3. Vesna Alivojvodic & Filip Kokalj, 2024. "Drivers and Barriers for the Adoption of Circular Economy Principles towards Efficient Resource Utilisation," Sustainability, MDPI, vol. 16(3), pages 1-16, February.
    4. Savolainen, Hannu & Honkatukia, Juha, 2021. "From incineration to recycling – An economic and environmental assessment of circular economy of plastics in Finland," Conference papers 333272, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    5. Rajesh Buch & Alicia Marseille & Matthew Williams & Rimjhim Aggarwal & Aparna Sharma, 2021. "From Waste Pickers to Producers: An Inclusive Circular Economy Solution through Development of Cooperatives in Waste Management," Sustainability, MDPI, vol. 13(16), pages 1-9, August.
    6. Stefan Pauliuk & Tomer Fishman & Niko Heeren & Peter Berrill & Qingshi Tu & Paul Wolfram & Edgar G. Hertwich, 2021. "Linking service provision to material cycles: A new framework for studying the resource efficiency–climate change (RECC) nexus," Journal of Industrial Ecology, Yale University, vol. 25(2), pages 260-273, April.
    7. Franco Donati & Sidney Niccolson & Arjan de Koning & Bart Daniels & Maarten Christis & Katrien Boonen & Theo Geerken & João F. D. Rodrigues & Arnold Tukker, 2021. "Modeling the circular economy in environmentally extended input–output: A web application," Journal of Industrial Ecology, Yale University, vol. 25(1), pages 36-50, February.
    8. Edgar Battand Towa Kouokam & Vanessa Zeller & Stefano Merciai & Wouter Achten, 2021. "Regional waste footprint and waste treatments analysis," ULB Institutional Repository 2013/332189, ULB -- Universite Libre de Bruxelles.
    9. Edgar Towa & Vanessa Zeller & Stefano Merciai & Jannick Schmidt & Wouter M. J. Achten, 2022. "Toward the development of subnational hybrid input–output tables in a multiregional framework," Journal of Industrial Ecology, Yale University, vol. 26(1), pages 88-106, February.
    10. Joris Baars & Mohammad Ali Rajaeifar & Oliver Heidrich, 2022. "Quo vadis MFA? Integrated material flow analysis to support material efficiency," Journal of Industrial Ecology, Yale University, vol. 26(4), pages 1487-1503, August.
    11. Samuel Draycott & Iwona Szadkowska & Marta Silva & David M Ingram, 2018. "Assessing the Macro-Economic Benefit of Installing a Farm of Oscillating Water Columns in Scotland and Portugal," Energies, MDPI, vol. 11(10), pages 1-20, October.
    12. Kirsten S. Wiebe & Vibeke S. Norstebø & Fabian R. Aponte & Moana S. Simas & Tina Andersen & Gerardo A. Perez-Valdes, 2023. "Circular Economy and the triple bottom line in Norway," Circular Economy and Sustainability,, Springer.
    13. Lessard, Jean-Martin & Habert, Guillaume & Tagnit-Hamou, Arezki & Amor, Ben, 2021. "A time-series material-product chain model extended to a multiregional industrial symbiosis: The case of material circularity in the cement sector," Ecological Economics, Elsevier, vol. 179(C).
    14. Hale Çetinay & Franco Donati & Reinout Heijungs & Benjamin Sprecher, 2020. "Efficient computation of environmentally extended input–output scenario and circular economy modeling," Journal of Industrial Ecology, Yale University, vol. 24(5), pages 976-985, October.
    15. Patrick Elf & Andrea Werner & Sandy Black, 2022. "Advancing the circular economy through dynamic capabilities and extended customer engagement: Insights from small sustainable fashion enterprises in the UK," Business Strategy and the Environment, Wiley Blackwell, vol. 31(6), pages 2682-2699, September.
    16. Edgar Battand Towa Kouokam & Vanessa Zeller & Wouter Achten, 2019. "Input-output models and waste management analysis: A critical review," ULB Institutional Repository 2013/359535, ULB -- Universite Libre de Bruxelles.
    17. António Mateus & Luís Martins, 2021. "Building a mineral-based value chain in Europe: the balance between social acceptance and secure supply," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 34(2), pages 239-261, July.
    18. Ronny Meglin & Susanne Kytzia & Guillaume Habert, 2022. "Regional circular economy of building materials: Environmental and economic assessment combining Material Flow Analysis, Input‐Output Analyses, and Life Cycle Assessment," Journal of Industrial Ecology, Yale University, vol. 26(2), pages 562-576, April.
    19. OCOLIȘANU Andreea & DOBROTĂ Gabriela & AGÂRBICEANU Marcela Simona, 2022. "The Implications Of The Circular Economy On Sustainable Economic Growth," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 14(1), pages 16-21, June.
    20. Carlos Pablo Sigüenza & Bernhard Steubing & Arnold Tukker & Glenn A. Aguilar‐Hernández, 2021. "The environmental and material implications of circular transitions: A diffusion and product‐life‐cycle‐based modeling framework," Journal of Industrial Ecology, Yale University, vol. 25(3), pages 563-579, June.
    21. Jason Hickel & Stéphane Hallegatte, 2022. "Can we live within environmental limits and still reduce poverty? Degrowth or decoupling?," Development Policy Review, Overseas Development Institute, vol. 40(1), January.

    More about this item

    Keywords

    Circular economy; general equilibrium model; natural resources; raw materials; resource efficiency;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • 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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