| Title |
Defining and Measuring the Circular Economy: A Mathematical Approach |
| ID_Doc |
165 |
| Authors |
García-Barragán, JF; Eyckmans, J; Rousseau, S |
| Title |
Defining and Measuring the Circular Economy: A Mathematical Approach |
| Year |
2019 |
| Published |
|
| DOI |
10.1016/j.ecolecon.2018.12.003 |
| Abstract |
The circular economy literature lacks unambiguous definitions. We argue that a convenient solution to this problem consists of defining the circular economy as a function of a metric, departing from a well-defined material flow and value system. In particular, we propose a metric that is derived from maximizing the value to society of materials used in the production of commodities that provide services to consumers. Our metric can accommodate for recycling but also for alternative strategies like lifetime extension and new business models that intensify the productivity of commodities. Following our methodology, we provide unambiguous definitions for linear economy, circular economy, and circular economic growth. |
| Author Keywords |
Recycling; Circular economy; Linear economy; Circular economic growth; Circular economy metric |
| 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:000456899800034 |
| WoS Category |
Ecology; Economics; Environmental Sciences; Environmental Studies |
| Research Area |
Environmental Sciences & Ecology; Business & Economics |
| PDF |
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