Circular bioeconomics: conceptual aspects

Economic Annals-ХХI: Volume 193, Issue (9-10), Pages: 45-53

Citation information:
Yessenbekova, Z., & Turezhanov, S. (2021). Circular bioeconomics: conceptual aspects. Economic Annals-XXI, 193(9-10), 45-53. doi:

Zhibek Yessenbekova
MA (Economics),
Doctoral Student,
Department of Economics and Finance,
A. Baitursynov Kostanay Regional University
47 Baytursynov Str., Kostanay, 110000, Republic of Kazakhstan

Seitkaliy Turezhanov
PhD (Economics),
Associate Professor,
Department of Economics and Finance,
Baitursynov Kostanay Regional University
47 Baytursynov Str., Kostanay, 110000, Republic of Kazakhstan

Circular bioeconomics: conceptual aspects

Abstract. Сircular bioeconomics offers a conceptual framework for harnessing and managing renewable natural capital in the use of land, food, health care and industrial systems to achieve sustainable well-being in harmony with nature. This article considers a circular bioeconomy as more efficient than the traditional linear economy. Concepts that can break the causal relationship between economic progress and environmental degradation, when the destruction of nature will not be an obligatory price for further building up the economic potential of the country, the region and the world as a whole are considered in our research.

Keywords: Linear Economics; Bioeconomics; Economic Growth; Circular Economy; Biological Capital; Environmental Sustainability; «Green» Economy; Circular Bioeconomics

JEL Classifications: Q57; Q51; R10

Acknowledgments and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.



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Received 6.07.2021
Received in revised form 9.08.2021
Accepted 14.08.2021
Available online 19.10.2021