TY - JOUR
T1 - Leveraging the circular economy
T2 - Investment and innovation as drivers
AU - Lehmann, Carlotta
AU - Cruz-Jesus, Frederico
AU - Oliveira, Tiago
AU - Damásio, Bruno
N1 - Lehmann, C., Cruz-Jesus, F., Oliveira, T., & Damásio, B. (2022). Leveraging the circular economy: Investment and innovation as drivers. Journal of Cleaner Production, 360, 1-10. [132146]. https://doi.org/10.1016/j.jclepro.2022.132146
PY - 2022/8/1
Y1 - 2022/8/1
N2 - The circular economy plays a central role in Europe's new agenda for sustainable economic growth. Using Eurostat and United Nations data from 28 European countries pertaining to the years between 2011 and 2017 we identified two underlying dimensions of the circular economy — environmental degradation and resource efficiency. Then, using dynamic panel models we assessed the impact that investment, human capital, innovation, and previous circularity levels have on each dimension of the circular economy identified, comparing their impacts on both. Our substantive findings demonstrate that innovation and investment significantly reduce environmental degradation, whereas only investment is also significant in promoting resource efficiency. Furthermore, our study suggests that circular economy levels have an inter-annual dependence.
AB - The circular economy plays a central role in Europe's new agenda for sustainable economic growth. Using Eurostat and United Nations data from 28 European countries pertaining to the years between 2011 and 2017 we identified two underlying dimensions of the circular economy — environmental degradation and resource efficiency. Then, using dynamic panel models we assessed the impact that investment, human capital, innovation, and previous circularity levels have on each dimension of the circular economy identified, comparing their impacts on both. Our substantive findings demonstrate that innovation and investment significantly reduce environmental degradation, whereas only investment is also significant in promoting resource efficiency. Furthermore, our study suggests that circular economy levels have an inter-annual dependence.
KW - Circular economy
KW - Dynamic panel model
KW - European union
KW - Factor analysis
KW - System GMM
UR - http://www.scopus.com/inward/record.url?scp=85130383465&partnerID=8YFLogxK
UR - https://www.webofscience.com/wos/woscc/full-record/WOS:000808296200004
U2 - 10.1016/j.jclepro.2022.132146
DO - 10.1016/j.jclepro.2022.132146
M3 - Article
AN - SCOPUS:85130383465
SN - 0959-6526
VL - 360
SP - 1
EP - 10
JO - Journal of Cleaner Production
JF - Journal of Cleaner Production
M1 - 132146
ER -
