A Circular Economy Approach for Sustainable Economic Growth

Dinda, Soumyananda (2016): A Circular Economy Approach for Sustainable Economic Growth.

Abstract

This paper focuses on the circular economy model for sustainable development in the frame work of endogenous economic growth structure. Paper differentiates products and their consumptions, and also highlights the recycling of waste that reduces pressure of natural resource extractions and pollution generation. Recycling economic activities also contributes in the economic growth without degrading environment.

• Item Type: MPRA Paper
• Language: English
• Keywords: Circular Economy, Consumption, Economic Growth, Environmental Externality, Production, Sustainable Development, Recycle of Waste,
• Subjects: D - Microeconomics > D6 - Welfare Economics > D62 - Externalities; F - International Economics > F6 - Economic Impacts of Globalization > F63 - Economic Development; F - International Economics > F6 - Economic Impacts of Globalization > F64 - Environment; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O44 - Environment and Growth; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q53 - Air Pollution ; Water Pollution ; Noise ; Hazardous Waste ; Solid Waste ; Recycling

References

Andersen, Mikael S. (2007). An introductory note on the environmental economics of the circular economy. Sustainable Science 2(1): 133- 140.

Barro, R. J. (1991). Economic Growth in a Cross Section of Countries. Quarterly Journal of Economics 106 (2): 407-443.

Barro, R. J. and Xavier Sala-i-Martin (1995). Economic Growth. McGraw-Hill, Boston, M.A.

Barro, R. J and J. Lee (1996). International Measures of Schooling Years and Schooling Quality. American Economic Review 86 (2): 218-223.

Becker, G. S. (1975). Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education. Columbia University Press, New York.

Boulding, Kenneth E. (1966). The economics of the coming spaceship earth, in H. Jarrett (Ed.). Environmental Quality in a Growing Economy. P3-14. The Johns Hopkins Press, Baltimore.

Daly, Herman E. (1991). Towards an environmental macroeconomics. Land Economics 67(2): 255-259.

Durlauf, S. N., P. A. Johnson and J. R. W. Temple (2005). Growth Econometrics, in P. Aghion and S.N. Durlauf (eds.). The Handbook of Economic Growth. North Holland: Elsevier Science Publishers B.V.

Geng, Yong., Jia Fu, Joseph Sarkis and Bing Xue (2012). Towards a national circular economy indicator system in China: an evaluation and critical analysis. Journal of Cleaner Production 23(1): 216 -224.

George, Donald A.R., Brain Chi-ang Lin and Yunmin Chen (2015). A circular economy model of economic growth. Environmental Modelling and Software 73: 60-63.

Heck, Peter (2006). Circular Economy Related International Practices and Policy Trends: Current Situation and Practices on Sustainable Production and Consumption and International Circular Economy Development Policy Summary and Analysis. Institute for Applied Material Flow Management, Environmental Campus Birkenfield.

Heshmati, Almas. (2018). A Review of the Circular Economy and its Implementation. International Journal of Green Economy, (forthcoming).

Korhonen, Jouni, Honkasalo, Antero, and Seppälä, Jyri (2018). Circular Economy: The Concept and its Limitations. Ecological Economics 143, 37-46.

Lucas, R. E. Jr. (1988). On the mechanics of economic development. Journal of Monetary Economics 22 (1): 3 – 42.

Mankiw, N. G., D. Romer and D. N. Weil (1992). A Contribution to the Empirics of Economic Growth. The Quarterly Journal of Economics 107(2): 407-437.

Romer, Paul M. (1986). Increasing Returns and Long –Run Growth. Journal of Political Economics 94(5): 1002-1037.

Yuan, Zengwei., Jun Bi and Yuichi Moriguichi (2006). The circular economy: a new development strategy in China. Journal of Industrial Ecology 10 (1-2): 4-7.