IDEAS home Printed from https://ideas.repec.org/a/ebl/ecbull/eb-20-00145.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://www.accessecon.com/Pubs/EB/2020/Volume40/EB-20-V40-I3-P160.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012. "Testing for Granger non-causality in heterogeneous panels," Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
    2. Luciano Lopez & Sylvain Weber, 2017. "Testing for Granger causality in panel data," Stata Journal, StataCorp LLC, vol. 17(4), pages 972-984, December.
    3. Heshmati, Almas, 2015. "A Review of the Circular Economy and its Implementation," IZA Discussion Papers 9611, Institute of Labor Economics (IZA).
    4. 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.
    5. 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.
    6. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jacopo Zotti & Andrea Bigano, 2019. "Write circular economy, read economy’s circularity. How to avoid going in circles," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(2), pages 629-652, July.
    2. 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.
    3. Ghinoi, Stefano & Silvestri, Francesco & Steiner, Bodo, 2020. "The role of local stakeholders in disseminating knowledge for supporting the circular economy: a network analysis approach," Ecological Economics, Elsevier, vol. 169(C).
    4. Risa Arai & Martin Calisto Friant & Walter J. V. Vermeulen, 2024. "The Japanese Circular Economy and Sound Material-Cycle Society Policies: Discourse and Policy Analysis," Circular Economy and Sustainability, Springer, vol. 4(1), pages 619-650, March.
    5. Beatrice D. Simo-Kengne & Frank Riedel & Ghislain H. Demeze-Jouatsa, 2023. "Demographic changes and asset prices in an overlapping generations model," ERSA Working Paper Series, Economic Research Southern Africa, vol. 0.
    6. Marson, Marta & Savin, Ivan, 2022. "Complementary or adverse? Comparing development results of official funding from China and traditional donors in Africa," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 189-206.
    7. Jeff Mangers & Meysam Minoufekr & Peter Plapper & Sri Kolla, 2021. "An Innovative Strategy Allowing a Holistic System Change towards Circular Economy within Supply-Chains," Energies, MDPI, vol. 14(14), pages 1-17, July.
    8. Juhro, Solikin M. & Iyke, Bernard Njindan & Narayan, Paresh Kumar, 2021. "Interdependence between monetary policy and asset prices in ASEAN-5 countries," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 75(C).
    9. Chakraborty, Saptorshee Kanto & Mazzanti, Massimiliano, 2021. "Renewable electricity and economic growth relationship in the long run: Panel data econometric evidence from the OECD," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 330-341.
    10. Jiaqi Xiao & Artūras Juodis & Yiannis Karavias & Vasilis Sarafidis & Jan Ditzen, 2023. "Improved tests for Granger noncausality in panel data," Stata Journal, StataCorp LLC, vol. 23(1), pages 230-242, March.
    11. Simone Moriconi & Pierre M. Picard & Skerdilajda Zanaj, 2019. "Commodity taxation and regulatory competition," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 26(4), pages 919-965, August.
    12. Ho, Sy-Hoa & Saadaoui, Jamel, 2022. "Bank credit and economic growth: A dynamic threshold panel model for ASEAN countries," International Economics, Elsevier, vol. 170(C), pages 115-128.
    13. Tomasz Serwach, 2022. "The European Union and within-country income inequalities. The case of the New Member States," Working Papers hal-03548416, HAL.
    14. Nancy Bocken & Lars Strupeit & Katherine Whalen & Julia Nußholz, 2019. "A Review and Evaluation of Circular Business Model Innovation Tools," Sustainability, MDPI, vol. 11(8), pages 1-25, April.
    15. Andrea Cecchin & Roberta Salomone & Pauline Deutz & Andrea Raggi & Laura Cutaia, 2021. "What Is in a Name? The Rising Star of the Circular Economy as a Resource-Related Concept for Sustainable Development," Circular Economy and Sustainability, Springer, vol. 1(1), pages 83-97, June.
    16. Chembessi Chedrak & Gohoungodji Paulin & Juste Rajaonson, 2023. "“A fine wine, better with age”: Circular economy historical roots and influential publications: A bibliometric analysis using Reference Publication Year Spectroscopy (RPYS)," Journal of Industrial Ecology, Yale University, vol. 27(6), pages 1593-1612, December.
    17. Roel Delahaye & Vivian S. C. Tunn & Arnold Tukker, 2023. "Developing a material flow monitor for the Netherlands from national statistical data," Journal of Industrial Ecology, Yale University, vol. 27(2), pages 408-422, April.
    18. Artūras Juodis & Yiannis Karavias & Vasilis Sarafidis, 2021. "A homogeneous approach to testing for Granger non-causality in heterogeneous panels," Empirical Economics, Springer, vol. 60(1), pages 93-112, January.
    19. Nyiko Worship Hlongwane & Olebogeng David Daw, 2023. "Electricity Consumption and Population Growth in South Africa: A Panel Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 374-383, May.
    20. Rajakaruna, Iwanthika & Suardi, Sandy, 2021. "The dynamic linkages between current account deficit and budget balance deficit in the South Asian region," Journal of Asian Economics, Elsevier, vol. 77(C).

    More about this item

    Keywords

    circular economy; employment; growth; poverty reduction;
    All these keywords.

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-20-00145. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.