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Sustainable development and circular economy: The role of institutional promotion on circular consumption and market competitiveness from a multistakeholder engagement approach

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  • María del Mar Alonso‐Almeida
  • José Miguel Rodríguez‐Antón
  • Llorenç Bagur‐Femenías
  • Jordi Perramon

Abstract

The transition from a linear economy to a circular economy (CE) is a real challenge to achieve long‐term sustainability. To push CE in the market, institutional promotion could become a key driver to positively impact both circular consumption and the competitiveness of the market. This paper analyzes the influence that soft and hard initiatives have on circular consumption and market competitiveness. Based on a survey of 1,281 respondents from different types of stakeholders, structural equations modeling statistical analysis was run. Results show that soft initiatives support the achievement of both objectives, whereas hard ones only influence greater circular consumption. However, the perception of the different stakeholders considered is very heterogeneous. It is indicative that not all institutional promotion initiatives are effective. Thus, institutions should guide, in an adequate and differentiated manner, their efforts to promote CE and sustainable development depending on the stakeholder they are targeting.

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  • María del Mar Alonso‐Almeida & José Miguel Rodríguez‐Antón & Llorenç Bagur‐Femenías & Jordi Perramon, 2020. "Sustainable development and circular economy: The role of institutional promotion on circular consumption and market competitiveness from a multistakeholder engagement approach," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2803-2814, September.
    • Handle: RePEc:bla:bstrat:v:29:y:2020:i:6:p:2803-2814
    DOI: 10.1002/bse.2544
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    References listed on IDEAS

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    5. Chia‐Hao Ho & Steffen Böhm & David Monciardini, 2022. "The collaborative and contested interplay between business and civil society in circular economy transitions," Business Strategy and the Environment, Wiley Blackwell, vol. 31(6), pages 2714-2727, September.
    6. Usama Awan & Robert Sroufe & Muhammad Shahbaz, 2021. "Industry 4.0 and the circular economy: A literature review and recommendations for future research," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 2038-2060, May.
    7. Li Zhang & Cees de Bont & Avsar Gurpinar & Mingxi Tang, 2023. "An Exploration of the Relevance between Sustainable Craft and Service Design Based on a Literature Review Study," Sustainability, MDPI, vol. 15(24), pages 1-23, December.
    8. Gavin Melles, 2021. "Figuring the Transition from Circular Economy to Circular Society in Australia," Sustainability, MDPI, vol. 13(19), pages 1-20, September.
    9. Zhang, Qingyu & Gao, Bohong & Luqman, Adeel, 2022. "Linking green supply chain management practices with competitiveness during covid 19: The role of big data analytics," Technology in Society, Elsevier, vol. 70(C).
    10. Agustí Segarra‐Blasco & Mercedes Teruel & Josep Tomàs‐Porres, 2024. "Circular economy and public policies: A dynamic analysis for European SMEs," Business Strategy and the Environment, Wiley Blackwell, vol. 33(4), pages 3532-3549, May.
    11. Syed Abdul Rehman Khan & Pablo Ponce & George Thomas & Zhang Yu & Mohammad Saad Al-Ahmadi & Muhammad Tanveer, 2021. "Digital Technologies, Circular Economy Practices and Environmental Policies in the Era of COVID-19," Sustainability, MDPI, vol. 13(22), pages 1-14, November.
    12. Pedro Manuel Sousa & Maria João Moreira & Ana Pinto de Moura & Rui Costa Lima & Luís Miguel Cunha, 2021. "Consumer Perception of the Circular Economy Concept Applied to the Food Domain: An Exploratory Approach," Sustainability, MDPI, vol. 13(20), pages 1-20, October.

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