WHAT IS THE IMPACT OF CIRCULAR ECONOMY IMPLEMENTATION ON COUNTRY’S WEALTH IN THE EUROPEAN UNION 27 COUNTRIES? : AN EMPIRICAL STUDY WITH EUROSTAT DATA
DOI:
https://doi.org/10.20319/icssh.2024.157183Abstract
Circular Economy is considered to be the most appropriate approach to achieve a sustained economy in a sustainable way. Although many scholars have investigated the impact of circular economy implementation on how it will contribute to a country’s economy the results are still vague. To examine the relationship of Circular Economy and its impact towards a country’s wealth I performed a multiple linear regression on 27 European Union countries and the findings revealed a significant correlation between circular economy adaptation and the contribution to wealth in the countries. The findings implicate how policy makers could adopt a circular economy and achieve a sustainable economy.
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