Received 27.12.2022, Revised 11.04.2023, Accepted 22.05.2023

Circular economy represented in selected global economy indices

Serhii Voitko, Tetiana Mazanko, Taras Sakalosh

Cyclic economy or closed-loop economy compared to the linear economy is synonymous with innovations based on the use of renewable energy sources. Circular economy is aimed at changing the classic linear model of the economy in such a way as to minimize waste and emissions throughout the product's life cycle. The paper focused to the analysis of the circular economy development level and its elements, as well as analysis of the comparison of various indices characterized human wellbeing, hi-tech export for top-20 countries in the ranking and Ukraine. The method of correlation and regression analysis used in the study. The results of the study revealed a significant dependence between the High-tech export index and Environmental Performance index, Education Index and Environmental Performance index. This confirmed an assumption on the significant impact of the population erudition level to the readiness of the society for resource saving, as well as it affects the environment and energy saving innovative options implementation. Education can contribute to the rapid expansion of the circular economy concept

Circular economy; environmental performance index; Hi-Tech export; education index; correlation
90-96
Voitko, S., Mazanko, T., & Sakalosh, Т. (2023). Circular economy represented in selected global economy indices. Innovation and Sustainability, 3(2), 90-96. https://doi.org/10.31649/ins.2023.2.90.96

References

[1] Sharm El-Sheikh Climate Change Conference – November 2022. (2022). Retrieved from https://enb.iisd.org/sharm-el-sheikh-climate-change-conference-cop27.

[2] Decisions taken at the Sharm El-Sheikh Climate Change Conference. (2022). Retrieved from https://unfccc.int/cop27/decisions.

[3] Goal 13: Take urgent action to combat climate change and its impacts (n.d.). Retrieved from https://www.un.org/sustainabledevelopment/climate-change/.

[4] Climate Action Summit 2019. (2019). Retrieved from https://sdg.iisd.org/events/un-2019-climate-summit/.

[5] COP26: Together for our planet. (n.d.). Retrieved from https://www.un.org/en/climatechange/cop26.

[6] Boulding, K.E. (1966). The economics of the coming Spaceship Earth. In H. Jarrett (Ed.), Environmental quality in a growing economy, resources for the future (pp. 3-14). Baltimore: Johns Hopkins University Press.

[7] Stahel, W.R., & Reday-Mulvey, G. (1981). Jobs for tomorrow: The potential for substituting manpower for energy. New York: Vantage Press.

[8] Braungart, M., & McDonough, W. (2010). Cradle to cradle: Remaking the way we make things. New York: Farrar, Straus and Giroux.

[9] McDonough, W., & Braungart, M. (2002). Design for the triple top line: New tools for sustainable commerce. Corporate Environmental Strategy, 9(3), 251-258. doi: 10.1016/S1066-7938(02)00069-6.

[10] Lacy, P., Long, J., & Spindler, W. (2020). The circular economy handbook: Realizing the circular advantage. Heidelberg: Springer Nature Customer Service Center GmbH.

[11] Sysoev, O.V. (2020). Circular economy and “circular economy professional”: Concepts in Ukrainian and Polish scientific field. Educological discourse, 31(4), 48-68. doi: 10.28925/2312-5829.2020.4.4.

[12] Zvarych, I. (2019). Implementation of the EU action plan in the circular economy. Uzhorod National University Herald. Series: International Economic Relations and World Economy, 25(1), 93-98.

[13] Varfolomieiev, M., & Churikanova, O. (2020). Circular economy as an integral way of Ukraine’s future in the aspect of globalization. Efficient economy, 3. doi: 10.32702/2307-2105-2020.5.200.

[14] What is a circular economy?. (n.d.). Retrieved from https://www.ellenmacarthurfoundation.org/topics/circular-economy-introduction/overview.

[15] Circular economy key ideas. (n.d.). Retrieved from https://www.ellenmacarthurfoundation.org/topics/circular-economy-introduction/key-ideas.

[16] Rethink Waste Tasmania helps you to avoid waste, reduce waste, and re-use waste, and know what can be recycled. (2016). Retrieved from https://rethinkwaste.com.au/about-2/.

[17] Benefits of the circular economy. (n.d.). Retrieved from https://naturklima.eus/hec-benefits-of-the-circular-economy.htm.

[18] 2022 EPI Results. (2022). Retrieved from https://epi.yale.edu/epi-results/2022/component/epi.

[19] High tech exports – Country rankings. (n.d.). https://www.theglobaleconomy.com/rankings/high_tech_exports/.

[20] Education Rankings by Country 2023. (n.d.). Retrieved from https://worldpopulationreview.com/country-rankings/education-rankings-by-country.