The Concept of Waste Management on Economic Development in the European Union

This study aims to analyze whether the circular economy variables which include per capita municipal waste production, municipal waste recycling rate, packaging waste recycling rate by type of packaging, bio-waste recycling, and e-waste recycling rates have an effect on economic development. measur...

Full description

Bibliographic Details
Main Authors: Azwardi Azwardi, Alghifari Mahdi Imago, Wahyu Aji Wijaya
Format: Article
Language:English
Published: EconJournals 2023-01-01
Series:International Journal of Energy Economics and Policy
Subjects:
Online Access:https://econjournals.com/index.php/ijeep/article/view/13667
_version_ 1828018274893299712
author Azwardi Azwardi
Alghifari Mahdi Imago
Wahyu Aji Wijaya
author_facet Azwardi Azwardi
Alghifari Mahdi Imago
Wahyu Aji Wijaya
author_sort Azwardi Azwardi
collection DOAJ
description This study aims to analyze whether the circular economy variables which include per capita municipal waste production, municipal waste recycling rate, packaging waste recycling rate by type of packaging, bio-waste recycling, and e-waste recycling rates have an effect on economic development. measured by GDP per capita (Gross Domestic Product) in European Union countries. The methodology in this study uses panel data with estimates using the common effect model, fixed effect model, random effect model and uses the best testing method, namely the Chow, Hausman, and Lagrange multiplier tests in 28 countries in the European Union for the period 2000-2020. The results showed that the final model used was the fixed effect model. Overall the concept of a circular economy which includes the level of recycling of municipal waste, the level of recycling of packaging waste by type of packaging, recycling of bio-waste, recycling of e-waste and added value in the Euro currency has a significant and positive effect on economic development as measured through per capita income, while waste production per capita is inversely proportional to that it has no significant and positive effect on economic development in European Union countries. It can be concluded that the application of the circular economy concept can ensure economic growth while reducing the use of natural resources and ensuring great environmental protection.
first_indexed 2024-04-10T11:02:25Z
format Article
id doaj.art-a23a03c42dce4dea874bf3c9211c29f8
institution Directory Open Access Journal
issn 2146-4553
language English
last_indexed 2024-04-10T11:02:25Z
publishDate 2023-01-01
publisher EconJournals
record_format Article
series International Journal of Energy Economics and Policy
spelling doaj.art-a23a03c42dce4dea874bf3c9211c29f82023-02-15T16:19:36ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-01-0113110.32479/ijeep.13667The Concept of Waste Management on Economic Development in the European UnionAzwardi Azwardi0Alghifari Mahdi Imago1Wahyu Aji Wijaya2Department of Economic and Development, Faculty of Economics, Sriwijaya University, Indonesia.Department of Economic and Development, Faculty of Economics, Sriwijaya University, Indonesia.Department of Economic and Development, Faculty of Economics, Sriwijaya University, Indonesia. This study aims to analyze whether the circular economy variables which include per capita municipal waste production, municipal waste recycling rate, packaging waste recycling rate by type of packaging, bio-waste recycling, and e-waste recycling rates have an effect on economic development. measured by GDP per capita (Gross Domestic Product) in European Union countries. The methodology in this study uses panel data with estimates using the common effect model, fixed effect model, random effect model and uses the best testing method, namely the Chow, Hausman, and Lagrange multiplier tests in 28 countries in the European Union for the period 2000-2020. The results showed that the final model used was the fixed effect model. Overall the concept of a circular economy which includes the level of recycling of municipal waste, the level of recycling of packaging waste by type of packaging, recycling of bio-waste, recycling of e-waste and added value in the Euro currency has a significant and positive effect on economic development as measured through per capita income, while waste production per capita is inversely proportional to that it has no significant and positive effect on economic development in European Union countries. It can be concluded that the application of the circular economy concept can ensure economic growth while reducing the use of natural resources and ensuring great environmental protection. https://econjournals.com/index.php/ijeep/article/view/13667Waste Management, Circular Economy, Economic Development, Sustainable Development
spellingShingle Azwardi Azwardi
Alghifari Mahdi Imago
Wahyu Aji Wijaya
The Concept of Waste Management on Economic Development in the European Union
International Journal of Energy Economics and Policy
Waste Management, Circular Economy, Economic Development, Sustainable Development
title The Concept of Waste Management on Economic Development in the European Union
title_full The Concept of Waste Management on Economic Development in the European Union
title_fullStr The Concept of Waste Management on Economic Development in the European Union
title_full_unstemmed The Concept of Waste Management on Economic Development in the European Union
title_short The Concept of Waste Management on Economic Development in the European Union
title_sort concept of waste management on economic development in the european union
topic Waste Management, Circular Economy, Economic Development, Sustainable Development
url https://econjournals.com/index.php/ijeep/article/view/13667
work_keys_str_mv AT azwardiazwardi theconceptofwastemanagementoneconomicdevelopmentintheeuropeanunion
AT alghifarimahdiimago theconceptofwastemanagementoneconomicdevelopmentintheeuropeanunion
AT wahyuajiwijaya theconceptofwastemanagementoneconomicdevelopmentintheeuropeanunion
AT azwardiazwardi conceptofwastemanagementoneconomicdevelopmentintheeuropeanunion
AT alghifarimahdiimago conceptofwastemanagementoneconomicdevelopmentintheeuropeanunion
AT wahyuajiwijaya conceptofwastemanagementoneconomicdevelopmentintheeuropeanunion