The circular economy and sustainable development in the European Union's new member states
The transition to a circular economy could not be avoided, but it should be oriented to ensure the achievement of sustainable development. The limited data availability and lack of enough studies for new EU member states are the main gaps in the literature partially covered by this research. A macr...
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| Format: | Article |
| Language: | English |
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Centre of Sociological Research
2023-05-01
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| Series: | Economics, Management and Sustainability |
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| Online Access: | https://jems.sciview.net/index.php/jems/article/view/196 |
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| _version_ | 1841562810320945152 |
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| author | Mihaela Simionescu |
| author_facet | Mihaela Simionescu |
| author_sort | Mihaela Simionescu |
| collection | DOAJ |
| description |
The transition to a circular economy could not be avoided, but it should be oriented to ensure the achievement of sustainable development. The limited data availability and lack of enough studies for new EU member states are the main gaps in the literature partially covered by this research. A macroeconomic approach based on panel data models and Bayesian random linear regression models was conducted for Cyprus, Latvia, Lithuania, Hungary, Poland, Romania, Slovenia, and Slovakia from 2008-2020. The results indicated that gross investment in tangible goods and more employed people in circular economy sectors are necessary to support economic growth. Moreover, mapping the jobs in a circular economy is required to support a sustainable circular economy.
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| format | Article |
| id | doaj-art-e2705db3b8624a5eb7e617db31fea089 |
| institution | Kabale University |
| issn | 2520-6303 |
| language | English |
| publishDate | 2023-05-01 |
| publisher | Centre of Sociological Research |
| record_format | Article |
| series | Economics, Management and Sustainability |
| spelling | doaj-art-e2705db3b8624a5eb7e617db31fea0892025-01-03T00:44:10ZengCentre of Sociological ResearchEconomics, Management and Sustainability2520-63032023-05-018110.14254/jems.2023.8-1.1The circular economy and sustainable development in the European Union's new member statesMihaela Simionescu0Institute for Economic Forecasting of the Romanian Academy, Bucharest, 050711, Romania The transition to a circular economy could not be avoided, but it should be oriented to ensure the achievement of sustainable development. The limited data availability and lack of enough studies for new EU member states are the main gaps in the literature partially covered by this research. A macroeconomic approach based on panel data models and Bayesian random linear regression models was conducted for Cyprus, Latvia, Lithuania, Hungary, Poland, Romania, Slovenia, and Slovakia from 2008-2020. The results indicated that gross investment in tangible goods and more employed people in circular economy sectors are necessary to support economic growth. Moreover, mapping the jobs in a circular economy is required to support a sustainable circular economy. https://jems.sciview.net/index.php/jems/article/view/196circular economyeconomic growthemploymentpanel data modelssustainable development |
| spellingShingle | Mihaela Simionescu The circular economy and sustainable development in the European Union's new member states Economics, Management and Sustainability circular economy economic growth employment panel data models sustainable development |
| title | The circular economy and sustainable development in the European Union's new member states |
| title_full | The circular economy and sustainable development in the European Union's new member states |
| title_fullStr | The circular economy and sustainable development in the European Union's new member states |
| title_full_unstemmed | The circular economy and sustainable development in the European Union's new member states |
| title_short | The circular economy and sustainable development in the European Union's new member states |
| title_sort | circular economy and sustainable development in the european union s new member states |
| topic | circular economy economic growth employment panel data models sustainable development |
| url | https://jems.sciview.net/index.php/jems/article/view/196 |
| work_keys_str_mv | AT mihaelasimionescu thecirculareconomyandsustainabledevelopmentintheeuropeanunionsnewmemberstates AT mihaelasimionescu circulareconomyandsustainabledevelopmentintheeuropeanunionsnewmemberstates |