Towards a Circular Economy: an Analysis of Kazakhstani case

The Journal of Economic Research & Business Administration, 2023

Full text Open access: Gold Metadata (CSL-JSON)
DOI 10.26577/be.2023.v143.i1.02
Data confidence 85 high
How this score is calculated

It is built from checkable properties of the record itself: whether the article has a DOI, how many independent sources confirmed its data, whether the required fields are filled in, and how recent the latest confirmation is. Disagreement between sources and a missing identifier lower it. A value of 80 or above means the record was published without further checking; 60 to 79 means it is published at reduced confidence, with a manual check advisable. A record verified by an editor by hand is never pushed below 90 by a recalculation. This scores our data about the article, not the article itself.

Abstract

A circular economy is an economic system in which resources are used, reused, and regenerated in a closed loop, rather than the traditional linear model of extraction, use, and disposal. The topic is particularly urgent for emerging countries as it can help address many of the economic, environmental, and social challenges these countries face. This article aims to analyze the current state of circular economy development in Kazakhstan and its progress in implementing circularity principles over the years. The research was conducted in two stages: (1) a statistical analysis based on secondary data, which identifies patterns and trends in waste recycling; (2) a regression model for evaluating the impact of management costs on the level of recycling and reuse of waste in Kazakhstan. The data was collected for the period from 2015 to 2021. The results show that solid waste recycling has increased more than 11 times, while the municipal waste generation rate per capita slightly decreased. The regression analysis demonstrates that increasing management costs does not have the desired effect on the reuse and recycling of waste, backing the previous research results about the importance of other factors like environmental consciousness and state regulation. Despite the general positive changes, the progress of Kazakhstan in implementing a circular economy is still in its early stages. The article can provide valuable insights to policymakers and researchers in Kazakhstan on ways of assessing the waste management system and promoting a circular economy in the country. Keywords: circular economy, waste management, regression analysis, environmental consciousness