Macroeconomic measurement

This paper develops the NICE (National Impacts of Circular Economy) tool, which is based on the Eora input-output data to analyse how technical cooperation projects, which are aimed at more sustainable use of materials, affect economic and social indicators. Whereas the long-term transition towards a circular economy and a more efficient economic system is less controversial, the results of this study help deepen the understanding of the possible short-term impacts, especially for countries struggling to climb the ladder of development. Strategic implications for a reconciliation of economic, social and environmental targets for inclusive and sustainable industrial development and a full accomplishment of the SDG 9 are presented.

We propose a new single deflation method to expand real value added data coverage for INDSTAT. Our approach enables us to derive an extensive data set with notably higher data coverage vis-a-vis other large cross-country data sets, particularly for low(er) income economies. This allows us to measure the performance of the manufacturing sector in unprecedented detail and accuracy.

A novel tool using firm–level data to assess the economic, social and environmental impact of circularity.