EconPapers    
Economics at your fingertips  
 

Causality and Correlation in the Maritime’s Circular Economy—A Correlation and Causal Analysis Using a Panel of EU Countries

José R. Pires Manso (), Jaime Pablo Valenciano (), Juan Milán García () and Rosa María Martínez Vázquez ()
Additional contact information
José R. Pires Manso: University Beira Interior
Jaime Pablo Valenciano: University of Almeria
Juan Milán García: University of Almeria
Rosa María Martínez Vázquez: University of Almeria

Chapter Chapter 19 in Advances in Quantitative Methods for Economics and Business, 2025, pp 403-416 from Springer

Abstract: Abstract Blue economics (BE) research, maritime economy (ME), causality, and correlation, among their explicative factors, are topics that are attracting international experts and researchers. This study adds to knowledge associating the BE or ME to several other factors related to it. A selected sample of BE factors was used with a panel of EU countries. This research ads knowledge to the scientific literature in the field, thus filling a gap, use these factors and special techniques to explain either economic growth, or income pc (IPC) increase tags, identifying correlations among the factors and discover causal relationships among these factors that help decision makers to select the best sectors to invest to reach 2030 UNSDG. In addition, this study recognises the importance of the circular economy (CE), which focuses on efficient resource management and waste reduction. CE seeks to minimize waste and promote the reuse, recycling, and recovery of resources. In the context of the BE, the CE plays a key role in managing locally generated waste that affects the seas and oceans. Correlation and causality analytical methods help us to study and distinguish the complexity of relationships among the various factors related to the BE and ME, and their influence on IPC. The data used by this research were collected from the Eurostat database and the span period 2010–2020 were selected. The literature review undertaken, and the empirical analysis shows evidence that IPC is associated to several factors of the BE. The results are also in order with the results presented by several authors, high lightening the importance of several important factors considered for increasing IPC, and for reaching some of the 2030 UNSDG. Among the more influent factors we identified production of renewable ocean energy, GHGE, HDI, living and non-living resources, production fishing, maritime transport and shipbuilding and repair.

Keywords: Blue economic; Circular economic; Data panel; Correlation; Causality; European countries (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-84782-0_19

Ordering information: This item can be ordered from
http://www.springer.com/9783031847820

DOI: 10.1007/978-3-031-84782-0_19

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-10-02
Handle: RePEc:spr:sprchp:978-3-031-84782-0_19