Araştırma Makalesi

The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis

Cilt: 24 Sayı: 2 27 Ağustos 2022
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The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis

Öz

The Circular Economy concept, which is based on the 3R principle, has led to the emergence of different ideas on waste management. On the one hand, waste management is expanded with the recommendations of the 5R and 10R hierarchies, on the other hand, it is defined to cover a significant part of the R stages of the recovery process. CE discussions are the efficiency analysis and use different indicators in performance measurements for which DEA is widely preferred. The stochastic frontier analysis (SFA) consists of assumptions about the functional relationship between inputs and outputs variables. Additionally, compared with non-parametric (SFA) considers the effects of random factors on outputs which strengthen the used estimation procedure. In this study, it is thought that one of the important variables of reducing inefficiency in the production function is the recovery in which the recycling of losses in the production process creates an important economic value while reducing the use of inputs or substituting them. Therefore, recovery is directly designed as an additional input using the Cobb-Douglas functional form. In the study, the 2000-2017 period data of OECD countries were used to analyze the effects of waste management, focusing on the recovery process, on economic growth. As a result, it was seen that the efficiency value calculated for OECD countries was 0,84 and the inefficiency in the production process decreased as the recovery rate increased. Even though the economic contribution of the recovery process is accepted by local governments, the initial costs of carrying out this process may require significant expenditures. Therefore, policies should be developed by taking into account the capacities and scales of the municipalities for the financing of these expenditures.

Anahtar Kelimeler

Kaynakça

  1. Agovino M., D. Matricano, A. Garofalo, (2020), Waste management and competitiveness of firms in Europe: A stochastic frontier approach, Waste Management, 102, pp. 528–540.
  2. Andersen, M.S., (2007), An Introductory Note on The Environmental Economics of The Circular Economy, Sustain Sci, 2, pp. 133-140
  3. Battese, G.E., and Coelli, T.J. (1995), A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data, Empirical Economics, 20 (2), pp.325-332.
  4. Bosch, N., Pedraja, F., Suárez-Pandiello, J., (2000), Measuring the efficiency of Spanish municipal refuse collection services, Local Gov. Stud. 26, pp. 71–90.
  5. Coelli, T.J., Rao, D.S.P. and Battese, G.E. (2005). An Introduction to Efficiency and Productivity Analysis, Kluwer Academic, Boston.
  6. EEA, (2011), Earnings, Jobs, and Innovation: The Role of Recycling in a Green Economy, European Environment Agency Report, No: 8, Access Date 05.11.2021. Ellen Macarthur Foundation, (2013), Towards to Circular Economy: An Economic Opportunity Worth Billions Charting The New Territory, Chapter 4, https://ellenmacarthurfoundation.org/, Access Date 28.10.2021.
  7. Fan X. B. Yu, Z. Chu, X. Chu, W. Huang ad L Zhang, (2020), A stochastic frontier analysis of the efficiency of municipal solid waste collection services in China, Science of the Total Environment,743, pp. 1-13.
  8. Feng, Z., Yan, N.,( 2007), Putting a Circular Economy into Practice in China, Sustain Sci., 2, pp. 95-101.

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

27 Ağustos 2022

Gönderilme Tarihi

4 Nisan 2022

Kabul Tarihi

1 Haziran 2022

Yayımlandığı Sayı

Yıl 2022 Cilt: 24 Sayı: 2

Kaynak Göster

APA
Taşdoğan, B. (2022). The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 24(2), 582-597. https://doi.org/10.26745/ahbvuibfd.1098446
AMA
1.Taşdoğan B. The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis. AHBVÜ İİBF Dergisi. 2022;24(2):582-597. doi:10.26745/ahbvuibfd.1098446
Chicago
Taşdoğan, Bilgen. 2022. “The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis”. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 24 (2): 582-97. https://doi.org/10.26745/ahbvuibfd.1098446.
EndNote
Taşdoğan B (01 Ağustos 2022) The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 24 2 582–597.
IEEE
[1]B. Taşdoğan, “The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis”, AHBVÜ İİBF Dergisi, c. 24, sy 2, ss. 582–597, Ağu. 2022, doi: 10.26745/ahbvuibfd.1098446.
ISNAD
Taşdoğan, Bilgen. “The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis”. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 24/2 (01 Ağustos 2022): 582-597. https://doi.org/10.26745/ahbvuibfd.1098446.
JAMA
1.Taşdoğan B. The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis. AHBVÜ İİBF Dergisi. 2022;24:582–597.
MLA
Taşdoğan, Bilgen. “The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis”. Ankara Hacı Bayram Veli Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, c. 24, sy 2, Ağustos 2022, ss. 582-97, doi:10.26745/ahbvuibfd.1098446.
Vancouver
1.Bilgen Taşdoğan. The Circular Economy Approach to Production Inefficiency: A Stochastic Frontier Analysis. AHBVÜ İİBF Dergisi. 01 Ağustos 2022;24(2):582-97. doi:10.26745/ahbvuibfd.1098446

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