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Theoretical and Applied Economics
No. 1 / 2023 (634), Spring

The circular economics of constructions

Rareș-Mihai NIȚU
Bucharest University of Economic Studies, Romania

Abstract. Construction has been and represents one of the most targeted areas of activity in the economy, starting from the market value and reaching the economic policies that regulate them. This paper analyzes the evolution of the construction sector and brings into discussion a new concept, namely that of recycling constructions that are restructured, demolished or undergoing technical changes (Mahpour, 2018). This new principle was launched with the new approaches specific to the green and circular economies due to the need to reduce the gap between needs and resources (Liu et al., 2021). Moreover, the most important factor that determines the permanent development of the real estate and construction field is the growth of the population in the last 30 years at a global level, which has been an ascending one, but also the formation of developed economic centers such as the big capitals or the already developed areas. People have been prone to access the already existing infrastructure in the logistically and economically evolved areas, rather than focusing on the formation of new areas, which has led to the migration and centralization of the workforce in certain geographical areas (Hossain et al., 2020).

Keywords: construction, recycling, development, policies, regulation.

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