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A Circular Model of Economic Growth and Waste Recycling

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  • Myrto Kasioumi

    (University of Guelph)

  • Thanasis Stengos

    (University of Guelph)

Abstract

In this paper, we are examining the environmental Kuznets curve (EKC) in the context of a circular economy recycling model. Our model assumes that there are only two factors of production in the production of the final good, a recyclable and a polluting input. We also present two extensions of this basic model by adding technological progress in the production of the polluting input and a dynamic reduction of the influence of the same input respectively. Our results suggest the presence of an inverse-U curve for the EKC confirming the findings of most of the current literature as well as an increasing curve for the recycling output nexus.

Suggested Citation

  • Myrto Kasioumi & Thanasis Stengos, 2023. "A Circular Model of Economic Growth and Waste Recycling," Circular Economy and Sustainability, Springer, vol. 3(1), pages 321-346, March.
    • Handle: RePEc:spr:circec:v:3:y:2023:i:1:d:10.1007_s43615-022-00177-7
    DOI: 10.1007/s43615-022-00177-7
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    References listed on IDEAS

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    More about this item

    Keywords

    Growth; Recycling; Environmental Kuznets curve (EKC); Circular economy;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • 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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