Quantitative approach to circular economy in the OECD countries

The circular economy, an evolving concept, is considered a necessary and pragmatic solution for reconciling the link between the growth rate and the pressure on the resources of the environment. Therefore, the purpose of the paper is the quantitative assessment of the circular economy in the OECD co...

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Bibliographic Details
Published in:Amfiteatru economic 2018-05, Vol.20 (48), p.262-277
Main Authors: Căutişanu, Cristina, Asandului, Laura, Borza, Mioara, Turturean, Ciprian
Format: Article
Language:English
Subjects:
Circular economy
Classification
Cluster analysis
Consumption
Correlation analysis
Economic development
Economic growth
Economic models
Education
Environmental impact
GDP
Gross Domestic Product
Growth rate
indicators
Natural resources
OECD countries
Path analysis
Quantitative analysis
Recycling
Research & development expenditures
Social progress
Statistical methods
Studies
Sustainable development
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Summary:The circular economy, an evolving concept, is considered a necessary and pragmatic solution for reconciling the link between the growth rate and the pressure on the resources of the environment. Therefore, the purpose of the paper is the quantitative assessment of the circular economy in the OECD countries based on the indicators assembled by the authors. The goal set was achieved through both a theoretical and empirical objective. The theoretical objective is to combine and group indicators referring to the circular economy, as they are present in the literature. The empirical objective is to develop a model of causal analysis with significance for circular economy practice, based on indicators that measure economic growth, research-development, education, recycling. To achieve the empirical objective, cluster analysis, correlation analysis and path analysis were applied. The authors' contribution consists of adapting circular economy indicators to the 5 newly created classes and applying the statistical methods mentioned in the OECD circular economy analysis. The results of empirical research reflect, on the one hand, the classification of countries for a set of indicators of the circular economy and the significant links and dependencies between the indicators analysed on the other.
ISSN:2247-9104
1582-9146
2247-9104
DOI:10.24818/EA/2018/48/262