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Cristian Silviu Banacu
Faculty of Management, The Bucharest University of Economic Studies, 6 Piata Romana, 1st district, 010374 Bucharest, Romania

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Journal article
Published: 19 September 2019 in Sustainability
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Based on recent findings of the economic literature on the implications of entrepreneurial innovation for recycling municipal waste, this paper aims to examine the main factors of recycling municipal waste at the European Union (EU) level. In this study, the authors developed a linear regression model to analyze the relationship between business expenditure on research and development (R&D), private investments, gross domestic product (GDP) expenditures on R&D, resource productivity, and environmental taxes on the recycling rate of municipal waste (RRMW). In our analyses, we used data from the Statistical Office of the European Union (EUROSTAT) and five statistical hypotheses were validated through a multiple regression model with panel data using the statistical software EViews 11. The study was conducted in 27 European Union countries between 2010 and 2017. Our results indicate that business expenditure on R&D, private investments, GDP expenditures on R&D, and resource productivity have a direct and significant impact on the RRMW, while environmental taxes have a significant and inverse impact on the RRMW. These findings underline that public policies should be focused on increasing the use of private and public investments on R&D for recycling municipal waste.

ACS Style

Cristian Silviu Banacu; Mihail Busu; Raluca Ignat; Carmen Lenuta Trica. Entrepreneurial Innovation Impact on Recycling Municipal Waste. A Panel Data Analysis at the EU Level. Sustainability 2019, 11, 5125 .

AMA Style

Cristian Silviu Banacu, Mihail Busu, Raluca Ignat, Carmen Lenuta Trica. Entrepreneurial Innovation Impact on Recycling Municipal Waste. A Panel Data Analysis at the EU Level. Sustainability. 2019; 11 (18):5125.

Chicago/Turabian Style

Cristian Silviu Banacu; Mihail Busu; Raluca Ignat; Carmen Lenuta Trica. 2019. "Entrepreneurial Innovation Impact on Recycling Municipal Waste. A Panel Data Analysis at the EU Level." Sustainability 11, no. 18: 5125.

Journal article
Published: 20 February 2019 in Sustainability
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In this paper, we develop a methodology for studying the sustainability of the circular economy model based on environmental factors. In open-end systems, waste is converted back to materials and objects through recycling; hence, a linear economy is transformed into a circular economy. Environmental factors support an argument for the sustainable implementation of a circular economy. As humans are producing and using more and more matter and energy for the economy, the environment and recycling become more and more important factors affecting public health. The aim of this study is to present the economic factors of the sustainable development of a circular economy, based on the findings of the economic literature in the field. Starting with the Mankiw–Romer–Weil model of economic growth based on resource productivity, environmental employment, recycling rate and environmental innovation, three statistical hypotheses were validated through a panel data model with the use of the statistical software EViews 9. An econometric analysis was performed for 27 European Union countries between 2007 and 2016. The results highlight that the extended Mankiw–Romer–Weil model is determined by resource productivity, environmental employment, recycling rate and environmental innovation. Investing in recycling infrastructure and innovative resources is essential for the econometric model presented in our analysis, which is in line with the aims of environmental protection and sustainable economic growth.

ACS Style

Carmen Lenuta Trica; Cristian Silviu Banacu; Mihail Busu. Environmental Factors and Sustainability of the Circular Economy Model at the European Union Level. Sustainability 2019, 11, 1114 .

AMA Style

Carmen Lenuta Trica, Cristian Silviu Banacu, Mihail Busu. Environmental Factors and Sustainability of the Circular Economy Model at the European Union Level. Sustainability. 2019; 11 (4):1114.

Chicago/Turabian Style

Carmen Lenuta Trica; Cristian Silviu Banacu; Mihail Busu. 2019. "Environmental Factors and Sustainability of the Circular Economy Model at the European Union Level." Sustainability 11, no. 4: 1114.