A circular economy approach for sustainable economic development
by Soumyananda Dinda
International Journal of Green Economics (IJGE), Vol. 14, No. 2, 2020

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.

Online publication date: Mon, 21-Sep-2020

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Green Economics (IJGE):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com