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Models for Analyzing the Dependencies between Indicators for a Circular Economy in the European Union

Author

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  • Adrian Dumitru Tantau

    (The Bucharest University of Economic Studies, Piata Romana 6, 010374 Bucharest, Romania)

  • Maria Alexandra Maassen

    (The Bucharest University of Economic Studies, Piata Romana 6, 010374 Bucharest, Romania)

  • Laurentiu Fratila

    (The Bucharest University of Economic Studies, Piata Romana 6, 010374 Bucharest, Romania)

Abstract

The circular economy has become one of the main strategic issues on a global scale in the striving towards achieving sustainable economic systems. The traditional model of production, consumption and disposal is being transformed into a recycling and waste integration process from the beginning of the production cycle of a product until its full use by the consumers. While measuring the progress towards a circular economy can be a challenging factor, several indicators can be used to evaluate developments in this direction. That is why recycling in general, as well as recycling of municipal waste, have become a main strategic issue in the process towards implementation of circular economy principles. The main objective of the paper is to elaborate a panel regression model for determining the dependency between main indicators, that are indicating progress of the circular economy in Europe, such as the recycling rate of municipal waste, circular material use rate, R&D expenditure by all sectors, trade in recyclable raw materials and environmental tax revenues, resource productivity and domestic material consumption. Furthermore, the fixed and random effects regression models estimations are included and tested through the Durbin–Hausman–Wu statistic. The research in this study is based on the analysis of regressions in the circular economy fields in the European Union and intends to contribute to the research in the field, being an emerging scientific topic due to changing technological, economic and environmental factors.

Suggested Citation

  • Adrian Dumitru Tantau & Maria Alexandra Maassen & Laurentiu Fratila, 2018. "Models for Analyzing the Dependencies between Indicators for a Circular Economy in the European Union," Sustainability, MDPI, vol. 10(7), pages 1-13, June.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:7:p:2141-:d:153988
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    References listed on IDEAS

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    1. Fernando E. Garcia-Muiña & Rocío González-Sánchez & Anna Maria Ferrari & Davide Settembre-Blundo, 2018. "The Paradigms of Industry 4.0 and Circular Economy as Enabling Drivers for the Competitiveness of Businesses and Territories: The Case of an Italian Ceramic Tiles Manufacturing Company," Social Sciences, MDPI, vol. 7(12), pages 1-31, December.
    2. Adrian Tan?ãu & Ana-Maria Iulia ªanta, 2019. "Best Practices for a Sustainable Energy Sector at European Union Level – Chances and Challenges for Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(52), pages 697-697, August.
    3. Lucian Ionel Cioca & Navarro Ferronato & Paolo Viotti & Elena Magaril & Marco Ragazzi & Vincenzo Torretta & Elena Cristina Rada, 2018. "Risk Assessment in a Materials Recycling Facility: Perspectives for Reducing Operational Issues," Resources, MDPI, vol. 7(4), pages 1-10, December.
    4. Gheorghița Dincă & Ana-Angela Milan & Maria Letiția Andronic & Anna-Maria Pasztori & Dragoș Dincă, 2022. "Does Circular Economy Contribute to Smart Cities’ Sustainable Development?," IJERPH, MDPI, vol. 19(13), pages 1-27, June.
    5. Mihail Busu & Carmen Lenuta Trica, 2019. "Sustainability of Circular Economy Indicators and Their Impact on Economic Growth of the European Union," Sustainability, MDPI, vol. 11(19), pages 1-13, October.
    6. Luis Diaz‐Balteiro & Carlos Romero & Silvestre García de Jalón, 2022. "An analysis of the degree of circularity of the wood products industry in Europe," Journal of Industrial Ecology, Yale University, vol. 26(4), pages 1350-1363, August.
    7. Elena Aurelia Botezat & Anca Otilia Dodescu & Sebastian Văduva & Silvia Liana Fotea, 2018. "An Exploration of Circular Economy Practices and Performance Among Romanian Producers," Sustainability, MDPI, vol. 10(9), pages 1-17, September.
    8. Josep-Maria Arauzo-Carod & Ioannis Kostakis & Konstantinos P. Tsagarakis, 2022. "Policies for supporting the regional circular economy and sustainability," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 68(2), pages 255-262, April.
    9. Barbara Fura & Małgorzata Stec & Teresa Miś, 2020. "Statistical Evaluation of the Level of Development of Circular Economy in European Union Member Countries," Energies, MDPI, vol. 13(23), pages 1-23, December.
    10. Şanta Ana-Maria Iulia, 2019. "The energy union - Perspectives for consolidating the European Union through a common energy market," Management & Marketing, Sciendo, vol. 14(2), pages 232-239, June.
    11. Vítor Domingues Martinho & Paulo Reis Mourão, 2020. "Circular Economy and Economic Development in the European Union: A Review and Bibliometric Analysis," Sustainability, MDPI, vol. 12(18), pages 1-25, September.
    12. Hondroyiannis, G. & Sardianou, E. & Nikou, V. & Evangelinos, K. & Nikolaou, I., 2024. "Circular economy and macroeconomic performance: Evidence across 28 European countries," Ecological Economics, Elsevier, vol. 215(C).
    13. D’ascenzo Fabrizio & Tantau Adrian & Savastano Marco & Şanta Ana-Maria Iulia, 2019. "New Energy Policies for Smart Cities - a Comparison among Smart Cities in the European Union," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 13(1), pages 1140-1149, May.

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