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An economic index for measuring firm’s circularity: the case of water industry

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

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Abstract

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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