Author
Listed:
- Rasmus Bøgh Holmen
(Institute of Transport Economics)
- Gianni Carvelli
(Catholic University of the Sacred Heart)
- Kristina Razminienė
(Vilnius Gediminas Technical University)
- Manuela Tvaronavičienė
(Vilnius Gediminas Technical University)
Abstract
While the circular economy has garnered significant attention over the last two decades, few studies have explored the relationship between recycling and macroeconomic conditions. This paper aims to elucidate how macroeconomic factors influence and correlate with recycling indicators, focusing on European waste management. First, we analyze how macroeconomic indicators impact key circular economy indicators related to waste management, considering 27 European countries from 2000 to 2019, categorized into Western, Southern, and Eastern Europe. An ordinary least squares model serves as a baseline for comparison with a fixed effects model and a model with regional and time dummies. As a response to Ferrante and Germani's (2020) call for more research on causal studies of this kind, we also address reverse causality both by testing for panel data Granger causality and by applying the dynamic panel data approach developed by Arellano and Bond (1991). Second, we investigate variations in circular economic performance across European regions and countries, both before and after controlling for the macroeconomic context. The empirical analysis reveals a substantial correlation between circular economy indicators and key macroeconomic conditions, but we do not find evidence supporting causal impacts from macroeconomic circumstances in the short run. Regional examinations unveil disparities in circular economic performance, with Western Europe generally surpassing Southern and Eastern Europe. However, these patterns align more closely when considering the macroeconomic context. The methodologies employed in the study may prove valuable for future research on the circular economy and its relation to macroeconomic influences.
Suggested Citation
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.
Handle:
RePEc:spr:circec:v:5:y:2025:i:1:d:10.1007_s43615-024-00418-x
DOI: 10.1007/s43615-024-00418-x
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
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:spr:circec:v:5:y:2025:i:1:d:10.1007_s43615-024-00418-x. 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.
We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.