National economic benefits of circular economy policy

The economic benefits of the circular economy policy are understudied. This paper shed light on the economic benefits of a circular economy in countries without resource scarcity problem. System dynamics method was used to overcome the data limitation problem. The results show that, although the investment cost is significant, countries will gain economic benefits in term of lower raw material costs in a long run. Because of that, products are accessible by a larger group which results in a higher sale volume.