Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/196431 
Year of Publication: 
2018
Citation: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 20 [Issue:] 48 [Publisher:] The Bucharest University of Economic Studies [Place:] Bucharest [Year:] 2018 [Pages:] 262-277
Publisher: 
The Bucharest University of Economic Studies, Bucharest
Abstract: 
The circular economy, an evolving concept, is considered a necessary and pragmatic solution for reconciling the link between the growth rate and the pressure on the resources of the environment. Therefore, the purpose of the paper is the quantitative assessment of the circular economy in the OECD countries based on the indicators assembled by the authors. The goal set was achieved through both a theoretical and empirical objective. The theoretical objective is to combine and group indicators referring to the circular economy, as they are present in the literature. The empirical objective is to develop a model of causal analysis with significance for circular economy practice, based on indicators that measure economic growth, research-development, education, recycling. To achieve the empirical objective, cluster analysis, correlation analysis and path analysis were applied. The authors' contribution consists of adapting circular economy indicators to the 5 newly created classes and applying the statistical methods mentioned in the OECD circular economy analysis. The results of empirical research reflect, on the one hand, the classification of countries for a set of indicators of the circular economy and the significant links and dependencies between the indicators analysed on the other.
Subjects: 
circular economy
OECD countries
indicators
cluster analysis
correlation analysis
path analysis
JEL: 
O13
O44
C38
Q53
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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