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Open AccessArticle

Adopting Circular Economy at the European Union Level and Its Impact on Economic Growth

Faculty of Business Administration in Foreign Languages, The Bucharest University of Economics Studies, 010374 Bucharest, Romania
Soc. Sci. 2019, 8(5), 159; https://doi.org/10.3390/socsci8050159
Received: 12 April 2019 / Revised: 16 May 2019 / Accepted: 17 May 2019 / Published: 24 May 2019
(This article belongs to the Special Issue Adopting Circular Economy Current Practices and Future Perspectives)
Based on the findings of the economic studies on the implications of industrialization in the case of growing economies, this study aims to present the economic factors that are at the basis of the development of circular economy at the European Union level. Starting with the model of economic growth based on the recycling rate of municipal waste, human capital, productivity of the resources, and green energy use, three statistical hypotheses were validated through a panel data model with the use of EViews 10 statistical software. The analysis was conducted for 27 European Union countries during the time frame 2008–2017. The paper highlights that the circular economy model is determined by resource productivity, labor employed in environmental protection, recycling rate of municipal waste, and renewable energy use. View Full-Text
Keywords: circular economy; environmental assessment; quantitative analysis; waste management; renewable energy; economic growth; sustainable development circular economy; environmental assessment; quantitative analysis; waste management; renewable energy; economic growth; sustainable development
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Busu, M. Adopting Circular Economy at the European Union Level and Its Impact on Economic Growth. Soc. Sci. 2019, 8, 159.

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