Indicators to Measure Efficiency in Circular Economies

Jaime Sánchez-Ortiz, Vanesa Rodríguez-Cornejo, Rosario Del Río-Sánchez and Teresa García-Valderrama
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Jaime Sánchez-Ortiz: Faculty of Economics and Business Administration, University of Cádiz, Avda. Duque de Nájera, 8, 11002-Cádiz, Spain
Vanesa Rodríguez-Cornejo: Faculty of Economics and Business Administration, University of Cádiz, Avda. Duque de Nájera, 8, 11002-Cádiz, Spain
Rosario Del Río-Sánchez: Faculty of Economics and Business Administration, University of Cádiz, Avda. Duque de Nájera, 8, 11002-Cádiz, Spain
Teresa García-Valderrama: Faculty of Economics and Business Administration, University of Cádiz, Avda. Duque de Nájera, 8, 11002-Cádiz, Spain

Sustainability, 2020, vol. 12, issue 11, 1-15

Abstract: In this paper, a number of indicators are shown to measure economic efficiency in terms of circular economy (CE). The European Union affirms the need for a comprehensive model of indicators relating to CE in order to meet the needs of all participants (individual companies and industry, society, and the nation), to be based on three perspectives: environmental impact, economic benefit, and resource scarcity. Therefore, the objective of this work is to define these indicators and establish models for measuring the efficiency of processes and products of CE (through Data Envelopment Analysis, (DEA)) in its different manifestations. The models will be useful for both organizations and external users in relation to CE in order to facilitate the search for indicators for all users. Following the bibliographic review of official reports and different high impact works, our results demonstrate the ability to obtain information concerning the main indicators of CE and how the efficiency of CE models has been measured through the most frequently used inputs and outputs.

Keywords: circular economy; indicators; efficiency; data envelopment analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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