The economic returns of circular economy practices
Davide Antonioli (),
Massimiliano Mazzanti () and
Francesco Nicolli ()
No 319761, FEEM Working Papers from Fondazione Eni Enrico Mattei (FEEM)
Assessing the economic consequences of sustainable production choices aimed at reducing environmental negative externalities is crucial for policy making, in light of the increasing interest and awareness experienced in the recent EU policy packages (Circular Economy package; European Green Deal and Recovery Fund to support sustainable transition). This assessment is one of the goal of the current work, which tries to provide new empirical evidence on the economic returns of such choices, drawing on previous literature on the underlying determinants of greener production choices, which are stated to differ from standard technological innovations as they are subject to a knowledge and an environmental externality. Using an original dataset on about 3000 Italian manufacturing firms we provide evidence on the relations among innovations related to the Circular Economy concept and economic outcome in the short run. The evidence shows that in the short run it is difficult to obtain economic gains, especially for the SMEs.
Keywords: Livestock Production/Industries; Production Economics (search for similar items in EconPapers)
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Working Paper: The economic returns of circular economy practices (2022)
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