| Title |
A circular economy model of economic growth |
| ID_Doc |
1382 |
| Authors |
George, DAR; Lin, BCA; Chen, YM |
| Title |
A circular economy model of economic growth |
| Year |
2015 |
| Published |
|
| DOI |
10.1016/j.envsoft.2015.06.014 |
| Abstract |
The main purpose of this paper is to present a theoretical model incorporating the concept of circular economic activities. We construct a circular economy model with two types of economic resources, namely, a polluting input and a recyclable input. Overall, our results indicate that the factors affecting economic growth include the marginal product of the recyclable input, the recycling ratio, the cost of using the environmentally polluting input and the level of pollution arising from the employment of the polluting input. Our analysis also shows that, contrary to the Environmental Kuznets Curve (EKC), environmental quality cannot be maintained or improved via economic growth. Instead, the improvement in environmental quality, as measured by a reduction in pollution, can only be achieved by an increase in the environmental self-renewal rate or the recycling ratio. (C) 2015 Elsevier Ltd. All rights reserved. |
| Author Keywords |
Circular economy; Economic growth; Sustainability; Environmental Kuznets Curve; Self-renewal rate; Recycling ratio |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:000361906900006 |
| WoS Category |
Computer Science, Interdisciplinary Applications; Engineering, Environmental; Environmental Sciences; Water Resources |
| Research Area |
Computer Science; Engineering; Environmental Sciences & Ecology; Water Resources |
| PDF |
http://hdl.handle.net/20.500.11820/4941ddfc-7b14-4a55-baf9-7f0679eb880f
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