Research Article

Eco-Innovation and Circular Economy Paradigm

Volume: 15 Number: 4 December 29, 2023
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Eco-Innovation and Circular Economy Paradigm

Abstract

The linear economy, known as buy-build-consume-dispose, which has been the dominant economic model since the Industrial Revolution, has started to push ecological limits by leading to the rapid depletion of resources, waste and wastage all over the world. Therefore, it has become inevitable to harmonize economic actions with the environment, to prevent waste and to transform society into a conscious production/consumption process. This means implementing a radical change. In this sense, the circular economy is considered as an alternative to the linear economic model and emerges as an economic system innovation. However, the transformation from a linear economy to a circular economy requires a very difficult process. First of all, innovation in technological infrastructure should be ensured. In this context, eco-innovation activities are likely to accelerate the formation by creating an application area for the circular economy. The study that offers a theoretical perspective from the point of view of revealing the need to change the linear economic system and has divulged the need for eco-innovation, which is at the centre of the circular economy and deals with the conceptual connection between the circular economy and eco-innovation. In this context, after examining the concepts of eco-innovation and circular economy, the study contributed to the literature by scanning the discussions on decoupling, central role, synergy between the two conceptions and concluded by revealing the catalytic role of eco-innovation practices. It has foreseen that the eco-innovation studies required to realize a circular economy will require many new legal, political, financial, and taxational applications and infrastructure services. For this reason, these areas may be reviewed in future studies.

Keywords

Supporting Institution

Yok

Project Number

Yok

References

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Details

Primary Language

Turkish

Subjects

Macroeconomics (Other)

Journal Section

Research Article

Publication Date

December 29, 2023

Submission Date

August 21, 2023

Acceptance Date

December 3, 2023

Published in Issue

Year 1970 Volume: 15 Number: 4

APA
Yücel, D., & Doğan, N. (2023). Eko-İnovasyon ve Döngüsel Ekonomi Paradigması. Aksaray Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 15(4), 357-374. https://doi.org/10.52791/aksarayiibd.1347050