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The economic returns of circular economy practices

Davide Antonioli (), Claudia Ghisetti, Massimiliano Mazzanti () and Francesco Nicolli ()
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Claudia Ghisetti: Università degli studi di Milano Bicocca

No 2022.05, Working Papers from Fondazione Eni Enrico Mattei

Abstract: 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: Circular Economy; Sustainable Production; Environmental Innovation; Economic Effect (search for similar items in EconPapers)
JEL-codes: O30 O44 O55 (search for similar items in EconPapers)
Date: 2022-02
New Economics Papers: this item is included in nep-agr, nep-cse, nep-eec, nep-env and nep-tid
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