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2023 | OriginalPaper | Chapter

Trade in Recyclable Raw Materials in EU: Structural Dynamics Study

Authors : Margarita Shopova, Mariana Petrova, Lyubomir Todorov

Published in: Circular Business Management in Sustainability

Publisher: Springer Nature Switzerland

Abstract

The circular economy is a model of economic development in which, in accordance with the principles of sustainable development, resources are used efficiently, keeping them in economic circulation as long as possible, while waste and harmful effects on the environment are minimized. The key role of materials circularity is realized both by closing the supply chains in the companies and through the international trade, with the import of recyclable raw materials having an important role for countries with limited domestic supply. The aim of the paper was to study both the structure and the intensity of the structural changes in the import of recyclable raw materials in the European Union. The analysis covered the main characteristics of the dynamics in the structure of imports of recyclable raw materials in the EU for 2004–2021. By analyzing the dynamics of imports and its geographical structure, it was established that there is a unit root with drift in the dynamics of the indicator, and the integral coefficient of structural differences between imports and GDP for the period increased from 0.353 to 0.389. The continuous increase in imported volumes is accompanied by an increase in the differences between the related structures of imports of recyclable raw materials and GDP. In this way, the general movement towards a circular economy of the EU is realized at different speeds in the member states. In order to reduce the differences and to achieve a balanced accomplishment of the circular economy objectives, it is necessary to conduct a decisive and country-oriented policy at the EU level.

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Title: Trade in Recyclable Raw Materials in EU: Structural Dynamics Study
Authors: Margarita Shopova
Mariana Petrova
Lyubomir Todorov
Publisher: Springer Nature Switzerland
Book: Circular Business Management in Sustainability
Print ISBN: 978-3-031-23462-0

Electronic ISBN: 978-3-031-23463-7

Copyright Year: 2023
DOI: https://doi.org/10.1007/978-3-031-23463-7_3

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