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Circular Economy Concept in the Context of Economic Development in EU Countries

Author

Listed:
  • Zvonimira Sverko Grdic

    (Faculty of Tourism and Hospitality Management, University of Rijeka, Primorska 42, 51410 Opatija, Croatia)

  • Marinela Krstinic Nizic

    (Faculty of Tourism and Hospitality Management, University of Rijeka, Primorska 42, 51410 Opatija, Croatia)

  • Elena Rudan

    (Faculty of Tourism and Hospitality Management, University of Rijeka, Primorska 42, 51410 Opatija, Croatia)

Abstract

The need has arisen to implement a circular economic model that enables economic growth and prosperity in accordance with environmental protection and sustainable development because of the current unsustainable linear means of production in the economy. The aim of this paper is to determine the application of the circular economy concept in member countries of the European Union from 2008 to 2016. The purpose is to analyse whether economic development measured by GDP (gross domestic product) affects the analysed circular economy variables. Based on the hypotheses set, an econometric model was formed where GDP was identified as an independent variable, while the dependent variables were the production of municipal waste per capita, the recycling rate of municipal waste, the recycling rate of packaging waste by type of packaging, the recycling of bio-waste, and the recycling rate of e-waste. The first part of the statistical analysis conducted using the Stata software package shows the Pearson correlation between the abovestated variables, while the second part explores the univariate regression model. The results point towards the conclusion that the application of the circular economy concept can ensure economic growth and GDP growth while reducing the use of natural resources and ensuring greater environmental protection.

Suggested Citation

  • Zvonimira Sverko Grdic & Marinela Krstinic Nizic & Elena Rudan, 2020. "Circular Economy Concept in the Context of Economic Development in EU Countries," Sustainability, MDPI, vol. 12(7), pages 1-13, April.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:7:p:3060-:d:344025
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    20. Zhu, Bing & Nguyen, Mai & Sarm Siri, Nang & Malik, Ashish, 2022. "Towards a transformative model of circular economy for SMEs," Journal of Business Research, Elsevier, vol. 144(C), pages 545-555.
    21. Škamlová Lucia & Klobučník Michal, 2021. "Recycling of municipal waste in Slovak cities," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 53(53), pages 43-54, September.
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