Transforming power of research and development on inequality and well-being: a European Union perspective within the circular economy framework
Marinko Skare,
Beata Gavurova and
Martin Rigelsky
Additional contact information
Beata Gavurova: Faculty of Mining, Ecology, Process Control and Geotechnologies
Martin Rigelsky: Faculty of Management and Business
Palgrave Communications, 2024, vol. 11, issue 1, 1-16
Abstract:
Abstract To establish a “well-being economy” that prioritizes human and environmental welfare, understanding the relationship between income inequality, research and development (R&D) potential, and human development is crucial. This study delves into these relationships in European Union (EU) countries, focusing on the adoption levels of a circular economy (CE). Analyzing data from the 27 EU member countries spanning 2010 to 2020, a cluster analysis was utilized to categorize nations based on their CE adoption levels. The panel regression analysis findings revealed a marked positive correlation between income and R&D, with countries having a more robust CE adoption showing stronger ties. Furthermore, a notable positive link was discerned between R&D and human development indicators. Despite these significant relationships, the government R&D sector exhibited inefficiencies, especially in countries with heightened CE adoption. These findings carry profound implications for policymakers, urging a redefinition of economic growth metrics and a shift toward a well-being economy that emphasizes human and environmental health.
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
http://link.springer.com/10.1057/s41599-024-02650-0 Abstract (text/html)
Access to full text is restricted to subscribers.
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:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-02650-0
Ordering information: This journal article can be ordered from
https://www.nature.com/palcomms/about
DOI: 10.1057/s41599-024-02650-0
Access Statistics for this article
More articles in Palgrave Communications from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().