A Circular Model of Economic Growth and Waste Recycling

Myrto Kasioumi () and Thanasis Stengos
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Myrto Kasioumi: University of Guelph

Circular Economy and Sustainability, 2023, vol. 3, issue 1, 321-346

Abstract: Abstract In this paper, we are examining the environmental Kuznets curve (EKC) in the context of a circular economy recycling model. Our model assumes that there are only two factors of production in the production of the final good, a recyclable and a polluting input. We also present two extensions of this basic model by adding technological progress in the production of the polluting input and a dynamic reduction of the influence of the same input respectively. Our results suggest the presence of an inverse-U curve for the EKC confirming the findings of most of the current literature as well as an increasing curve for the recycling output nexus.

Keywords: Growth; Recycling; Environmental Kuznets curve (EKC); Circular economy (search for similar items in EconPapers)
JEL-codes: C61 O44 Q53 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s43615-022-00177-7

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