From waste management to natural capital management in the circular economy

What Is the Impact of Circular Economy Implementation on Country’s Wealth in the European Union 27 Countries? : An Empirical Study With Eurostat Data

“…Previous study has tried to find proof of the relationship between CE implementation and how it can affect the economy in a country. It is found that CE implementation could affect the economy of a country (Aid et al, 2016;Lieder & Rashid, 2016;Cucchiella et al, 2017;Murray et al, 2017;Busu & Nedelcu, 2018;Kihl & Aid, 2020). Other findings also strengthen that CE activities including resource productivity, the use of circular material and recycling rate of municipalities could benefit the economy positively (Tantau et al, 2018;Kazulytė, 2019;Busu & Trica, 2019;Hysa et al, 2020).…”

“…It is found there is a relationship between circular economy and its positive contribution towards wealth by uplifting the economic growth (Browne et al, 2009) and also there is a positive correlation between circular economy and growth of GDP, in highlights of the role from sustainability, innovation, and investment in-no waste initiatives (Hysa et al, 2020). Where other researchers also found that environmental taxes revenue, recycling rates, environmental innovation, innovation in the recycling sector and trade of recyclable raw materials will bring a positive impact towards economy by providing a positive impact towards the increase on GDP level of a country (Aid et al, 2016;Lieder & Rashid, 2016;Cucchiella et al, 2017;Murray et al, 2017;Busu & Nedelcu, 2018;Kihl & Aid, 2020).…”

“…Third, Private investment and added value in CE sectors and lastly number of patents in recycling sector. The chosen control variables are found to have a positive effect on GDP (Aid et al, 2016;Lieder & Rashid, 2016;Cucchiella et al, 2017;Murray et al, 2017;Busu & Nedelcu, 2018;Kihl & Aid, 2020).…”

“…CE which was introduced by Peace and Turner (1990) can be considered as a new concept, which led to a rising discussion on whether CE can be truly implemented and still become beneficial for business while also having a positive impact on the environment. Some researchers argues that CE has a relationship with the growing economy in a country (Browne et al, 2009;Aid et al, 2016;Lieder & Rashid, 2016;Cucchiella et al, 2017;Hysa et al, 2020;) whereas others found that the impact of CE on economic, social, and environment are still lack in evidence (Hobson & Lynch, 2016;Velis, 2018;Donati et al, 2020;Lekan & Rogers, 2020;Lindgreen et al, 2020). Others researchers also adds that CE trade-offs that is linked with resource scarcity and climate change are still insufficient (Bleischwitz & Miedzinski, 2017;Lehmann et al, 2018;Giampietro, 2019;Schroeder et al, 2019;Campbell-Johnston et al, 2020).…”

Smart and Sustainable Management of Shoe Machinery Companies in Taiwan during the COVID-19 Pandemic—Case Studies of the Tung Sheng Company and Strong Basic Enterprise Limited Company

“…One of the major focuses is the management of waste materials to recover valuable resources, such as filler materials, by an innovative recycling machinery system in the next cycle. The innovation basically applies the techno-sphere to the circular economy to keep down waste contamination and continue recycling materials as much as possible [20].…”