The Effect of Circular Economy Components on Ecological Footprint: Panel Data Analysis

Abstract

The circular economy model has gained popularity in the literature in recent years. Significant contributions have been made to the development of the model in many areas by using the sub-components of the circular economy. This model attracts more attention from the scientific community. In the research, the measurement of environmental quality is estimated using recyclable waste trade, which is one of the components of the circular economy. This study will contribute to this gap in the literature. Recyclable waste trade, ecological footprint (environmental quality), economic growth and renewable energy consumption variables were used in the model. By including 16 EU member countries in the model, annual data for the period 2008-2021 were estimated with the extended mean group estimator (AGM) method. According to the findings, circular economy, economic growth and renewable energy consumption were found to be statistically significant on ecological footprint (environmental quality) in the economies of Germany, the Netherlands, Poland, Finland, Denmark, Portugal, Switzerland, Greece, Spain, France, Croatia and Italy. These results show that circular economy is used more effectively in countries such as Germany, Netherlands, Poland, Finland, Denmark, Portugal, Switzerland, Greece, Spain, France, Croatia and Italy. On the other hand, circular economy, economic growth and renewable energy consumption were not found to be statistically significant on ecological footprint (environmental quality) in countries such as Ireland, Slovenia, Bulgaria and Hungary.

Keywords

• circular eonomy
• ecological footprint
• renawable energy

Döngüsel Ekonomi Bileşenlerinin Ekolojik Ayak İzi Üzerindeki Etkisi: Panel Veri Analizi

Öz

Döngüsel ekonomi modeli son yıllarda literatürde popülerlik kazanmıştır. Döngüsel ekonominin alt bileşenleri kullanılarak birçok alanda modelin gelişmesine önemli katkılar sağlanmıştır. Bu model bilim camiasının daha fazla ilgisini çekmektedir. Araştırmada, döngüsel ekonominin bileşenlerinden olan geri dönüştürülebilir atık ticareti kullanılarak çevresel kalitenin ölçümü tahmin edilmektedir. Bu çalışma, literatürdeki bu boşluğa katkı sağlayacaktır. Modelde, geri dönüştürülebilir atık ticareti, ekolojik ayak izi (çevresel kalite), ekonomik büyüme ve yenilenebilir enerji tüketimi değişkenleri kullanılmıştır. 16 AB üye ülke modele dahil edilerek, 2008-2021 dönemine ait yıllık veriler, genişletilmiş ortalama grup tahmincisi (AGM) yöntemiyle tahmin edilmiştir. Elde edilen bulgulara göre, Almanya, Hollanda, Polonya, Finlandiya, Danimarka, Portekiz, İsviçre, Yunanistan, İspanya, Fransa, Hırvatistan, İtalya ekonomilerinde döngüsel ekonomi, ekonomik büyüme ve yenilenebilir enerji tüketimi ekolojik ayak izi (çevresel kalite) üzerinde istatistiksel olarak anlamlı bulunmuştur. Bu sonuçlar doğrultusunda, döngüsel ekonominin Almanya, Hollanda, Polonya, Finlandiya, Danimarka, Portekiz, İsviçre, Yunanistan, İspanya, Fransa, Hırvatistan, İtalya gibi ülkelerde daha etkin kullanıldığını göstermektedir. Öte yandan İrlanda, Slovenya, Bulgaristan ve Macaristan gibi ülkelerde döngüsel ekonomi, ekonomik büyüme ve yenilenebilir enerji tüketimi ekolojik ayak izi (çevresel kalite) üzerinde istatistiksel olarak anlamlı tespit edilmemiştir.

Anahtar Kelimeler

• döngüsel ekonomi
• ekolojik ayak izi
• yenilenebilir enerji

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