CIRCULAR ECONOMY - SUSTAINABLE DEVELOPMENT BETWEEN PRESENT AND FUTURE

Viorica Popa, Alexandru Ceban and Nicolae Popa
Additional contact information
Viorica Popa: National Institute for Economic Research, Chisinau, Republic of Moldova
Alexandru Ceban: National Institute for Economic Research, Chisinau, Republic of Moldova
Nicolae Popa: National Institute for Economic Research, Chisinau, Republic of Moldova

Journal of Financial and Monetary Economics, 2022, vol. 10, issue 1, 291-307

Abstract: The actuality of the research is determined by the insufficient theoretical-methodological substantiation of the concept of circular economy as a driving force of sustainable development. This requires the conceptualization and further development of the sustainable development methodology. Theoretical approaches should be able to adapt to the specifics of our country, taking into account the influence of natural, economic and institutional factors. The objective of the study is to analyze the applicability of modern interpretations of the circular economy and circular economy models to the conditions of the national economy. The hypothesis is formulated based on the results presented in the analysis section of the specialized literature and consists in the fact that one of the basic rules of the circular economy is the transformation of waste into new resources for other industries. The process of transition to a circular economy is closely linked to the reconsideration of sustainable consumption and production patterns in order to identify future development opportunities. The research approach is of a theorized type, as it folds on the aspect of the evolution of the notion of circular economy. This study was developed within the State Program 20.80009.0807.22 "Development of the mechanism for formation of the circular economy in the Republic of Moldova” and State Program 20.80009.0807.16 "Development of new economic instruments for assessing and stimulating the competitiveness of agriculture of the Republic of Moldova for 2020-2023" funded from the state budget through the National Agency for Research and Development of the Republic of Moldova.

Keywords: circular economy; European framework; transition; green economy; waste hierarchy; degree of recycling (search for similar items in EconPapers)
JEL-codes: Q5 Q50 Q57 Q58 (search for similar items in EconPapers)
Date: 2022
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol10i1p291-307.pdf

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:vls:rojfme:v:10:y:2022:i:1:p:291-307

Access Statistics for this article

More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Mateescu ().