{"title":"A circular economy approach for sustainable economic development","authors":"Soumyananda Dinda","doi":"10.1504/ijge.2020.10032079","DOIUrl":null,"url":null,"abstract":"This paper focuses on the circular economy approach which is based on the principle of recycle of resources. It is an alternative to the existing linear economy that is based on the principle of 'take-make-dispose', which is unsustainable for economic growth due to limitation of resources in the world. This study especially set up a circular economy model for sustainable development in the frame work of endogenous economic growth incorporating waste as valuable stock for further production. The paper highlights (a) stock of waste accumulation, (b) dynamics of waste in closed-loop system and (c) economic growth path. Recycling economic activities contributes in the economic development with reuse of resources without degrading environment. This paper tangentially provides empirical support to our model for sustainable development.","PeriodicalId":35060,"journal":{"name":"International Journal of Green Economics","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2020-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Green Economics","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/ijge.2020.10032079","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 2
Abstract
This paper focuses on the circular economy approach which is based on the principle of recycle of resources. It is an alternative to the existing linear economy that is based on the principle of 'take-make-dispose', which is unsustainable for economic growth due to limitation of resources in the world. This study especially set up a circular economy model for sustainable development in the frame work of endogenous economic growth incorporating waste as valuable stock for further production. The paper highlights (a) stock of waste accumulation, (b) dynamics of waste in closed-loop system and (c) economic growth path. Recycling economic activities contributes in the economic development with reuse of resources without degrading environment. This paper tangentially provides empirical support to our model for sustainable development.
期刊介绍：
IJGE, a peer-reviewed international journal, proposes and fosters discussion on all aspects of Green Economics. It contributes to international research and practice in Green Economics with the aim of encouraging economic change and the positioning of Green Economics at the centre of the Economics disciplines. Green Economic theories and policies, tools, instruments and metrics are developed with the aim of offering practical and theoretical solutions and proposals to facilitate a change to the current economic models for the benefit of the widest number of people and the planet as a whole. IJGE focuses particularly on resource management, on meeting peoples’ needs and the impact and effects of international trends and how to increase social justice.
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