Kayal, Bassam ORCID: 0000-0001-5737-0086, Abu-Ghunmi, Diana
ORCID: 0000-0002-5050-9679, Abu-Ghunmi, Lina
ORCID: 0000-0003-3385-5489, Archenti, Andreas
ORCID: 0000-0001-9185-4607, Nicolescu, Mihai, Larkin, Charles
ORCID: 0000-0002-0352-2504 and Corbet, Shaen
ORCID: 0000-0001-7430-7417
(2018)
An economic index for measuring firm’s circularity: the case of
water industry.
Journal of Behavioral and Experimental Finance, 21
.
pp. 123-129.
ISSN 2214-6350
Transition towards circular-economy model is a must to sustain the planet resources. Under circular
economy model wastewater is transformed from a waste into a resource. Therefore, a comprehensive
circular economy index; the Circonomics Index, is proposed to measure circularity of wastewater
industry. The component indicators of the index are linked directly to the three Rs; reduce, reuse
and recycle, of circular economy. The novelty of the proposed Index is that it uses objectively
constructed weights that reflect the environmental benefits of the treatment process, and the index
captures the reuse and recycling efficiency of an WWTP, which reflect the specific nature of wastewater. The findings show that treatment technology is a major factor in determining the production
efficiency, reuse rate and recycling performance of a WWTP. The results of using the Circonomics
Index have profound implication for policy makers to speed up the process of moving to a circular
economy.
Item Type: | Article (Published) |
---|---|
Refereed: | Yes |
Uncontrolled Keywords: | Reduce; Reuse; Recycle; Circonomics Index; Wastewater |
Subjects: | Business > Economics |
DCU Faculties and Centres: | DCU Faculties and Schools > DCU Business School |
Publisher: | Elsevier |
Official URL: | http://dx.doi.org/10.1016/j.jbef.2018.11.007 |
Copyright Information: | © 2018 Elsevier |
Use License: | This item is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 3.0 License. View License |
ID Code: | 25033 |
Deposited On: | 29 Sep 2020 14:41 by Thomas Murtagh . Last Modified 04 Nov 2020 12:43 |
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