THE INFLUENCE OF THE CIRCULAR ECONOMY ON ECONOMIC GROWTH: LITERATURE REVIEW
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Keywords:
circular economy, environmental sustainability, resources, recycling, innovation
Abstract
The objectives of this study, based on the framework of realizing the circular economy model, are: a) Knowing the environmental factors that influence the circular economy and b) Knowing the circular economy variables that affect economic growth. This study uses the method of literature analysis from various research literature that has been done. The data used is secondary data: books and international journals. The results of the study can conclude two things. First, the circular economy affects economic growth through a) The importance of development from an environmental sustainability perspective, b) Business innovation that takes into account environmental aspects, c) Recycling economic activities that do not reduce environmental quality, d) the importance of investing in recycling infrastructure and natural resources innovative. Second, the factors that influence the circular economy are a) Human Capital, b) Development with an environmental sustainability perspective, c) Maintaining the value of resources, d) Socio-ecological and anthropological factors, e) Business innovation, f) Innovation of social progress, h) Redesign of processes and cycles of materials, h) Need for public attention, i) Need to promote 3R on circular consumption, j) Goods/services management system, k) Invest in recycling infrastructure.
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Brais Suarez-Eiroa, Emilio Fernandez, Gonzalo Mendez-Martínez, David Soto-Onate, 2019, Operational principles of circular economy for sustainable development: Linking theory and practice, Journal of Cleaner Production 214, 952e961.
Carmen Lenuta Trica, Cristian Silviu Banacu and Mihail Busu, 2019, Environmental Factors and Sustainability of the Circular Economy Model at the European Union Level, Sustainability, 2019, 11, 1114; doi:10.3390/su11041114.
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Kjær, L. L., Pigosso, D. C. A., Niero, M., Bech, N. M., & McAloone, T. C., 2018, Product/Service-Systems for a Circular Economy: The Route to Decoupling Economic Growth from Resource Consumption?, (2018). Journal of Industrial Ecology, DOI: 10.1111/jiec.12747.
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McDonough, W., & Braungart, M. (2002). Design for the Triple Top Line : New Tools for Sustainable Commerce. Corporate Environmental Strategy, 9(3), 251–258.
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Smitha J.S. and Albert Thomas, 2021, Integrated Model and Index for Circular Economy in the Built Environment in the Indian Context, Construction Economics and Building Vol. 21, No. 3 8. From Waste Management to Circular Resource Management, Erna Maters, Joke Luttik, Journal of Sustainability Perspectives 1 (2), 76-85.
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Vasileios Rizos, Katja Tuokko and Arno Behrens, 2017, The Circular Economy A review of definitions, processes and impacts, CEPS Research Reports, No 2017/8, April 2017.
Weigend Rodríguez, R., Pomponi, F., Webster, K., & D’Amico, B. (2020). The future of the circular economy and the circular economy of the future. Built Environment Project and Asset Management, 10(4), 529–546. https://doi.org/10.1108/BEPAM-07-2019-0063
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Androniceanu, A., Kinnunen, J., & Georgescu, I., 2021, Circular economy as a strategic option to promote sustainable economic growth and effective human development, Journal of International Studies, 14(1), 60-73. doi:10.14254/2071-8330.2021/14-1/4
Arcía-Barragán, J.F., Eyckmans, J. and Rousseau, S., 2019, Defining and Measuring the Circular Economy: A Mathematical Approach, 2019, Ecological Economics 157, 369-372.
B. Endo Gauh Perdana, Circular Economy of Used Cooking Oil in Indonesia: Current Practices and Development in Special Region of Yogyakarta, 2021, Journal of World Trade Studies, Volume 6, Number 1, 31 August 2021
Bart J A Van Bueren, Usha Iyer-Raniga, Mark A A M Leenders and Kevin Argus, 2021, Comprehensiveness of circular economy assessments of regions: a systematic review at the macro-level, Environmental Research Letter 16 (2021) 103001 https://doi.org/10.1088/1748-9326/ac209c.
Brais Suarez-Eiroa, Emilio Fernandez, Gonzalo Mendez-Martínez, David Soto-Onate, 2019, Operational principles of circular economy for sustainable development: Linking theory and practice, Journal of Cleaner Production 214, 952e961.
Carmen Lenuta Trica, Cristian Silviu Banacu and Mihail Busu, 2019, Environmental Factors and Sustainability of the Circular Economy Model at the European Union Level, Sustainability, 2019, 11, 1114; doi:10.3390/su11041114.
Daniela-Ioana MANEA, Nicolae ISTUDOR, Vasile DINU, Dorel-Mihai PARASCHIV, 2021, Circular Economy And Innovative Entrepreneurship, Prerequisites For Social Progress, Journal of Business Economics and Management, ISSN 1611-1699 / eISSN 2029-4433, Volume 22 Issue 5: 1342–1359.
Dinda, Soumyananda, 218, A Circular Economy Approach for Sustainable Economic Growth, MPRA Paper No. 89587, 19 Oct 2018.
Ellen MacArthur Foundation. (2013). Towards The Circular Economy: Economic and Business Rationale for an Accelerated Transition. In Rethink the future.
Firas Al Kufy, Middle East's Circular Economy Expectations for the Next Ten Years, 2021, Open Science Journal 6(2), 26th April 2021.
Ghozali, I., 2016, Aplikasi Analisis Multivariate Dengan Program IBM SPP (Edisi 8). Semarang: Badan Penerbit Universitas Diponegoro.
Gillis, Perkins, Roemer, Snodgrass. 2021, Economics of Development. 5th Ed. WW Norton & Co. New York. 2021.
Henry A. Colorado, Gloria Inés Echeverri-Lopera, Revista Facultad de Ingeniería, 2020, The solid waste in Colombia analyzed via gross domestic product: Towards a sustainable Economy, Universidad de Antioquia, No.96, pp. 51-63,
http://bps.go.id/subject/166/pdrb-menurut-pengeluaran, 2021.
http://bps.go.id/subject/6/tenaga-kerja.http://...bps.go.id/subject/6/tenaga-kerja, 2021.
https://bps.go.id/indicator/52/111/1/ pdrb-atas-dasar-harga-berlaku, 2021.
https://databoks.katadata.co.id/datapublish/2021/07/29/mayoritas-sampah-nasional-dari-aktivitas-rumah-tangga-pada-2020.
https://id.wikipedia.org/wiki/Ekonomi_sirkular# ....Ekonomi Sirkular, 2021
https://internasional.kompas.com/image/2018/11/21/18465601/, 2021.
https://tekno.tempo.co/read/1521617/5-negara-ini-penyumbang-sampah-plastik-terbesar-di-dunia-indonesia-urutan-ke-3, 2021.
Igor Taranic, Arno Behrens and Corrado Topi, 2016, Understanding the Circular Economy in Europe, from Resource Efficiency to Sharing Platforms: The CEPS FrameworkCEPS Research Reports, No. 143 / July 2016.
Jinghan., 2011, The economic of development and planning. Vitas publishing. 6th Ed. 2011.
Jouni Korhonen, Antero Honkasalo, Jyri Seppälä, (2018), Circular Economy: The Concept and its Limitations, Ecological Economics, 143, 37–46.
Kjær, L. L., Pigosso, D. C. A., Niero, M., Bech, N. M., & McAloone, T. C., 2018, Product/Service-Systems for a Circular Economy: The Route to Decoupling Economic Growth from Resource Consumption?, (2018). Journal of Industrial Ecology, DOI: 10.1111/jiec.12747.
Korhonen, J., Honkasalo, A., & Seppälä, J. (2018). Circular Economy: The Concept and its Limitations. Ecological Economics, 143, 37–46. https://doi.org/10.1016/j.ecolecon.2017.06.041
Mankiw, N.G.; Romer, D.;Weil, D.N., 1992, A contribution to the empirics of economic growth. Q. J. Econ. 1992,107, 407–437
Martin Calisto Frianta, Walter J.V. Vermeulena, Roberta Salomoneb, Resources, (2020) , A typology of circular economy discourses: Navigating the diverse visions of a contested paradigm, Conservation & Recycling 161, 104917.
McDonough, W., & Braungart, M. (2002). Design for the Triple Top Line : New Tools for Sustainable Commerce. Corporate Environmental Strategy, 9(3), 251–258.
Ministry of National Planning and Development. (2021). The Economic, Social and Environmental Benefits of a Circular Economy in Indonesia.
Ministry of National Planning and Development. (2021). The Economic, Social and Environmental Benefits of a Circular Economy in Indonesia.
Murray A, Skene K, Haynes K., 2015, The Circular Economy: An interdisciplinary exploration of the concept and its application in a global context, Journal of Business Ethics 2015. DOI: 10.1007/s10551-015-2693-2.
Nafziger, E Wayne. 2012, The Economics od Developing Countries. 5th Ed. Prentice Hall. New Jersey. 2012.
Nathalia Suchek, Cristina Fernandes, Sascha Kraus, Matthias Filser, Helena Sjögrén, 2021, innovation and the circular Economy: A systematic literature review, 11 May 2021, Bussines Strategy and The Environment, DOI: 10.1002/bse.2834.
Neal Millar, Eoin McLaughlin, Tobias Börger, 2018, The Circular Economy: Swings and Roundabouts?, Ecological Economics, 158, pp. 11-19. DOI: ttps://doi.org/10.1016/j.ecolecon.2018.12.012, 2018, Elsevier.
Q. Z. Yang, Jifeng Zhou, and Kaihua Xu, April 2014. A 3R Implementation Framework to Enable Circular Consumption in Community, International Journal of Environmental Science and Development, Vol. 5, No. 2,
Ruihui Pu, Xiang Li and Pujiayi Chen (2021). "Sustainable development and sharing economy: A bibliometric analysis", Problems and Perspectives in Management, 19(4), 1-19. doi:10.21511/ppm.19(4).2021.
Simone Sehnem, Diego Vazquez-Brust, Susana Carla Farias Pereira, Lucila M.S. Campos, 2019, Circular economy: benefits, impacts and overlapping, Supply Chain Management: An International Journal, 24/6 (2019) 784–804, Emerald Publishing Limited [ISSN 1359-8546], [DOI 10.1108/SCM-06-2018-0213].
Skawińska, E., & Zalewski, R. I. (2018). Circular Economy as a Management Model in the Paradigm of Sustainable Development. Management, 22(2), 217–233. https://doi.org/10.2478/manment-2018-0034
Smitha J.S. and Albert Thomas, 2021, Integrated Model and Index for Circular Economy in the Built Environment in the Indian Context, Construction Economics and Building Vol. 21, No. 3 8. From Waste Management to Circular Resource Management, Erna Maters, Joke Luttik, Journal of Sustainability Perspectives 1 (2), 76-85.
Solow, R.M., 1956, A Contribution to the Theory of Economic Growth. Q. J. Econ. 1956, 70, 1–65.
Sugiyono. (2015). Metode Penelitian Pendidikan; Pendeketan Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.
Sugiyono. (2016). Statistik Untuk Penelitian. Alfabeta: Bandung.
Swan, T.W., 1956, Economic growth and capital accumulation, Econ. Rec. 1956, 32, 334–361.
Todaro Michael P., 2014, Economics Development. 12th Ed. Longman. New York. 2014.
Trevor Zink and Roland Geyer, 2017, Circular Economy Rebound, Journal of Industrial Ecology, 2017, Volume 21, Number 3, DOI: 10.1111/jiec.12545.
Vasileios Rizos, Katja Tuokko and Arno Behrens, 2017, The Circular Economy A review of definitions, processes and impacts, CEPS Research Reports, No 2017/8, April 2017.
Weigend Rodríguez, R., Pomponi, F., Webster, K., & D’Amico, B. (2020). The future of the circular economy and the circular economy of the future. Built Environment Project and Asset Management, 10(4), 529–546. https://doi.org/10.1108/BEPAM-07-2019-0063
Yasuhiko Hotta Lewis Akenji, Chika Aoki-Suzuki, Atsushi Watabe, Jun Nakatani, Kiyo Kurisu, Eri Amasawa, 2019, Six Proposals for Future Policies towards Circular Economy and Society, G20 Conference, Japan, 2019.
Zed Mestika, Metode Penelitian Kepustakaan, 2004, Jakarta, Yayasan Bogor Indonesia.
Zulganef. (2018). Metode Penelitian Bisnis dan Manajemen. Bandung: PT. Refika Aditama.
Published
2023-04-03
How to Cite
Safariyani, E., & Taufiqurahman, E. (2023). THE INFLUENCE OF THE CIRCULAR ECONOMY ON ECONOMIC GROWTH: LITERATURE REVIEW. Eksis: Jurnal Riset Ekonomi Dan Bisnis, 17(2), 183 - 196. https://doi.org/10.26533/eksis.v17i2.1102
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