Circular Economy in Post-Crisis Recovery: Closed-Loop Models as a Tool for Regional Economic Sustainability

Скорочена інформація про документ
dc.contributor.authorPetrukha, Nina
dc.contributor.authorBashynska, Yuliia
dc.contributor.authorPetrukha, Serhii
dc.contributor.authorMakaliuk, Iryna
dc.contributor.authorKovtunyk, Inna
dc.date.accessioned2026-07-08T11:49:14Z
dc.date.available2026-07-08T11:49:14Z
dc.date.issued2026-06-20
dc.description.abstractThe shift of economic systems towards circularity is perceived as a priority in terms of recovery from the crisis and ever more macroeconomic instability. Closed loop models are seen less as a tool of environmental reconstruction, but rather, a structural mechanism to enable economic modernisation and sustainability at large. Conversely, the quantitative estimation of the effects of circularity on broader – macroeconomic – dynamics are still meagre, especially in terms of a more comparative cross-country dimension. Our purpose with this study is to focus on the development and testing an integrated Grid-locked technique to empirically estimate the impact of circularity on the economic sustainability of the European Union, in the crisis haven, “ad virum”. Recovery path. The balanced panel comprises the EU-27 for 2015–2024 (270 country-year observations). The countries in the sample are heterogeneous in significant ways: the gap in real GDP per capita exceeds three times; the share of industry in GDP ranges from about 15–30%; the level of urbanization ranges from about 55% to more than 80%; circularity indicators show more than twofold cross-country differentiation. Together, this warrants the use of a panel model with country and time fixed effects. Our methodology proceeds on the formation of composite indices of circularity and economic resilience based on minmax normalizing indicators across the whole panel of observations and then econometrically estimating them using a fixed effects model (Stata 17.95% confidence interval, clustered robust standard errors, Hausman test for specification selection). The circularity index combines resource productivity, recycled materials use, waste recycling, environmental expenditures and the share of renewable energy; the economic sustainability index combines real GDP per capita, employment stability and investment activity. The results show a statistically significant positive correlation between the integrated circularity index and the economic resilience index for the years 2021–2024 when controlling for structural characteristics of economies (industry structure, investment, urbanization) and for timeinvariant national characteristics. The growth of the integrated circularity index relates to an increase the aggregate index of economic sustainability in the post-crisis period. There is also a tendency to reduce the cross-country variability of economic resilience in recovery phase. The significance of the study in practice is showing the feasibility of integrating circular indicators into the systemof macroeconomic monitoring and strategies for longterm structural stabilization within the European Union.
dc.format.pagerangePp. 69-78
dc.identifier.citationCircular Economy in Post-Crisis Recovery: Closed-Loop Models as a Tool for Regional Economic Sustainability / Petrukha N., Bashynska Yu., Petrukha S., Makaliuk I., Kovtunyk I. // OIDA International Journal of Sustainable Development. - 2026. - Vol. 19, № 07. - Pp. 69-78.
dc.identifier.doihttps://doi.org/10.64211/oidaijsd190706
dc.identifier.orcid0000-0003-4800-4599
dc.identifier.urihttps://ela.kpi.ua/handle/123456789/82160
dc.language.isoen
dc.publisherOntario International Development Agency
dc.publisher.placeCanada
dc.relation.ispartofOIDA International Journal of Sustainable Development, Vol. 19, No. 07, 2026
dc.subjectagricultural business
dc.subjectcircular economy
dc.subjecteconomic sustainability
dc.subjectgreen economy
dc.subjectpostcrisis recovery
dc.subjectpanel model
dc.subjectintegral index
dc.subjectmacroeconomic analysis
dc.subjectsustainable development
dc.subjectregions of the world
dc.titleCircular Economy in Post-Crisis Recovery: Closed-Loop Models as a Tool for Regional Economic Sustainability
dc.title.alternativeЦиркулярна економіка в посткризовому відновленні: моделі замкнутого циклу як інструмент економічної стійкості регіонів
dc.typeArticle

Файли

Контейнер файлів
Зараз показуємо 1 - 1 з 1
Ескіз
Назва:
Petrukha_Bashynska_Petrukha_Makaliuk_Kovtunyk_2026.pdf
Розмір:
369.31 KB
Формат:
Adobe Portable Document Format
Завантажити
Ліцензійна угода
Зараз показуємо 1 - 1 з 1
Ескіз недоступний
Назва:
license.txt
Розмір:
8.98 KB
Формат:
Item-specific license agreed upon to submission
Опис:
Завантажити

Зібрання

Статті (КЕП)