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Evolution of the concept and tools for measuring circular transition

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  • Mina Karpuzova

Abstract

The actuality of the topic of circular economy is dictated by the need to find a solution to contemporary environmental, economic and social problems. The study's main objective is to trace the development of the concept of circular economy and derive a modern definition of the notion. In this regard, the leading indicators for measuring the success of circular activities at the company level are analyzed, summarized and evaluated. A literature review on the evolution of the circular economy concept is carried out, based on which definitions and main characteristics of the circular economy concept are derived. Practical tools for measuring the success of the transition to a circular economy at a firm level are presented. The study concludes with some general recommendations on the future development of circular economy policies and the measurement of their results.

Suggested Citation

  • Mina Karpuzova, 2022. "Evolution of the concept and tools for measuring circular transition," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 75-89.
    • Handle: RePEc:bas:econth:y:2022:i:1:p:75-89
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    References listed on IDEAS

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    1. Hana Trollman & James Colwill & Sandeep Jagtap, 2021. "A Circularity Indicator Tool for Measuring the Ecological Embeddedness of Manufacturing," Sustainability, MDPI, vol. 13(16), pages 1-23, August.
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    More about this item

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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