Using Macroeconomic Indicators to Enact an Ambitious Circular Economy

Josep Pinyol Alberich (), Leandro J. Llorente-González (), Mohammad Javad Ramezankhani, Meletios Bimpizas-Pinis and Benjamin H. Lowe
Additional contact information
Josep Pinyol Alberich: ABIS – The Academy of Business in Society
Leandro J. Llorente-González: University of Santiago de Compostela
Mohammad Javad Ramezankhani: University of Kent Business School
Meletios Bimpizas-Pinis: Sheffield University Management School
Benjamin H. Lowe: University of York

Circular Economy and Sustainability, 2023, vol. 3, issue 3, 1515-1544

Abstract: Abstract The circular economy has the potential to promote systemic change towards a sustainable future. However, the dominance of technical and market-oriented considerations has placed the circular economy as part of an eco-modernist agenda, which retains growth in gross domestic product as the overarching priority. In this context, we analyse 12 existing macroeconomic indicators, developed and implemented by governments and international organisations, and determine if they could enact alternative notions of circularity. Specifically, we focus on the performative role that indicators can play in both defining and surmounting such reductionist views, thus helping us to address the world we want to create. We find that many of these indicators are agents of the status quo, but that some could disrupt the omnipotence of GDP thereby getting the macroeconomic conditions right for a more ambitious understanding of the circular economy.

Keywords: Circularity metrics; Environmental sustainability; Macroeconomic indicators; Resource efficiency; Well-being (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s43615-022-00232-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:circec:v:3:y:2023:i:3:d:10.1007_s43615-022-00232-3

Ordering information: This journal article can be ordered from
https://www.springer.com/journal/43615

DOI: 10.1007/s43615-022-00232-3

Access Statistics for this article

More articles in Circular Economy and Sustainability from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().