Knowledge Agora

Title	Sustainable production: The economic returns of circular economy practices
ID_Doc	152
Authors	Antonioli, D; Ghisetti, C; Mazzanti, M; Nicolli, F
Title	Sustainable production: The economic returns of circular economy practices
Year	2022
Published	Business Strategy And The Environment, 31, 5
Abstract	Assessing the economic consequences of sustainable production choices aimed at reducing negative environmental externalities is crucial for policy making, in light of the increasing interest and awareness experienced in recent EU policy packages. This assessment is one of the goals of the current work, which tries to provide new empirical evidence on the economic returns of circular economy practices, drawing on previous literature on the underlying determinants of greener production choices, which are stated to differ from standard technological innovations as they are subject to a knowledge and an environmental externality. Using an original dataset on approximately 3000 Italian manufacturing firms, we provide evidence on the relations among innovations related to the circular economy concept and economic outcome in the short run. The evidence shows that in the short run, it is difficult to obtain economic gains from circular economy related innovations when taken in isolation, especially for Small and medium-sized enterprises (SMEs), who may also experience negative returns.
PDF

Similar Articles

ID	Score	Article
527		Cainelli, G; D'Amato, A; Mazzanti, M Resource efficient eco-innovations for a circular economy: Evidence from EU firms(2020)Research Policy, 49, 1
933		Bjornbet, MM; Skaar, C; Fet, AM; Schulte, KO Circular economy in manufacturing companies: A review of case study literature(2021)
100		Zink, T; Geyer, R Circular Economy Rebound(2017)Journal Of Industrial Ecology, 21, 3
22520		Darmandieu, A; Garcés-Ayerbe, C; Renucci, A; Rivera-Torres, P How does it pay to be circular in production processes? Eco-innovativeness and green jobs as moderators of a cost-efficiency advantage in European small and medium enterprises(2022)Business Strategy And The Environment, 31.0, 3
520		Camilleri, MA European environment policy for the circular economy: Implications for business and industry stakeholders(2020)Sustainable Development, 28, 6
3881		Kiefer, CP; del Río, P; Carrillo-Hermosilla, J On the contribution of eco-innovation features to a circular economy: A microlevel quantitative approach(2021)Business Strategy And The Environment, 30, 4
16302		Chioatto, E; Zecca, E; D'Amato, A Which innovations for Circular Business Models? A product life-cycle categorisation(2024)Industry And Innovation, 31, 7
1898		Aranda-Usón, A; Portillo-Tarragona, P; Scarpellini, S; Llena-Macarulla, F The progressive adoption of a circular economy by businesses for cleaner production: An approach from a regional study in Spain(2020)
2252		Magnano, DG; Grimstad, SMF; Glavee-Geo, R; Anwar, F Disentangling circular economy practices and firm's sustainability performance: A systematic literature review of past achievements and future promises(2024)
2238		Garcés-Ayerbe, C; Rivera-Torres, P; Suárez-Perales, I; Leyva-de la Hiz, DI Is It Possible to Change from a Linear to a Circular Economy? An Overview of Opportunities and Barriers for European Small and Medium-Sized Enterprise Companies(2019)International Journal Of Environmental Research And Public Health, 16, 5