Econometric analysis of circular economy co-flow process in metal industry

Shalinee Sourabh (), Balagopal G. Menon () and Biswajit Mahanty ()
Additional contact information
Shalinee Sourabh: Indian Institute of Technology
Balagopal G. Menon: Indian Institute of Technology
Biswajit Mahanty: Indian Institute of Technology

Quality & Quantity: International Journal of Methodology, 2024, vol. 58, issue 2, No 26, 1583-1602

Abstract: Abstract The process of circular economy is gaining momentum in view of the ongoing nature depletion scenario in the world. The present study develops a co-flow econometric model on Cobb–Douglas aggregate production function framework for the circular economy process. The developed model is estimated using full information maximum likelihood estimation for the Indian copper industry. For the present systemic behaviour sustaining to future, the primary and secondary copper production was found to exhibit counterintuitive behaviour of “overshoot and collapse” beyond the year 2026. It is evidenced that the maximum environmental impact out of circular economy occurs in 2025 and maximum reduction of environmental impact occurs in 2029 in the copper industry. The circular economy induced rebound effect is found to fluctuate between the range of − 2.57 to 2.16 with backfire, partial rebound and super-conservation. The rebound effect is found to be unstable over time. The resource displacements show an overshoot and collapse behavior during the period 2025 and 2027. The overshoot and collapse behaviour needs more exploration to understand the underlying resource dynamics and for designing, experimenting and implementing nature conservation policies as the resource limits are approached.

Keywords: Circular economy process; Primary and secondary copper production; Co-flow structure; Scenario building; Rebound effect; Resource displacements (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s11135-023-01709-5 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:qualqt:v:58:y:2024:i:2:d:10.1007_s11135-023-01709-5

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11135

DOI: 10.1007/s11135-023-01709-5

Access Statistics for this article

Quality & Quantity: International Journal of Methodology is currently edited by Vittorio Capecchi

More articles in Quality & Quantity: International Journal of Methodology from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().