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The transformation of the functional and highly competitive contemporary market economy paradigm and of the established economic structures has imposed the orientation and adoption of innovative, high-yielding and environmentally sustainable economic models, capable of generating both elevated levels of economic well-being and social protection. The multiplication and diversification of contemporary economic, social and environmental challenges forced important transformations of the economic paradigm. The limitations of the classic linear economic system have generated the emergence of new contemporary economic models, most often of hybrid type, which have significantly contributed to the conversion of classical production and consumption relations. The main objective pursued in this research is the identification of developments of the circular economy in Romania under the new sustainability paradigm using econometric methods. At the same time, the construction of an econometric model that adequately reflects the transformations generated by the process of transition to the circular economy in Romania was considered.

Developments of the Circular Economy in Romania under the New Sustainability Paradigm