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Challenging Novelties within the Circular Economy Concept under the Digital Transformation of Society

Author

Listed:
  • Milena P. Ilić

    (Information Technology School ITS-Belgrade, LINK Group Belgrade, Faculty of Contemporary Arts Belgrade, University Business Academy, 11000 Belgrade, Serbia)

  • Marko Ranković

    (Faculty of Information Technology and Engineering, University Union Nikola Tesla, 11080 Belgrade, Serbia)

  • Milutin Dobrilović

    (Faculty of Economics, University of Belgrade, 11000 Belgrade, Serbia)

  • Rocsana Bucea-Manea-Țoniş

    (Doctoral School, National University of Physical Education and Sport, 060057 Bucharest, Romania
    USH Pro Business, Spiru Haret University, 030167 Bucharest, Romania)

  • Larisa Mihoreanu

    (Faculty of Administration and Public Management, Bucharest University of Economic Studies, 010374 Bucharest, Romania)

  • Mădălina Ionela Gheța

    (Business Administration Doctoral School, Bucharest University of Economic Studies, 010374 Bucharest, Romania)

  • Violeta-Elena Simion

    (Faculty of Veterinary Medicine, Spiru Haret University, 030045 Bucharest, Romania)

Abstract

The study makes, under a new configuration of the circular economy, a cross-country analysis based on the Competitiveness and Innovation Indicators in the E.U., i.e., two sub-criteria: private investments, jobs, and gross value added; and patents related to recycling and secondary raw materials as a proxy for innovation. The analysis proved that investments influence the number of patents, and participate in societal transformation. A further cluster analysis classified countries on the level of innovation. The cluster analysis in SPSS centres on significant potential, weaknesses, impact, and waste management control through blockchain technology. It is found that the factors that influence innovation, according to the Global Competitiveness Report, link the business dynamism and innovation capability with the capacity to sustain resilient ideas, such as competitive intelligence and social entrepreneurship. The discussions aim to prove that the efforts to rethink the circular economy principles contribute to its conceptual and societal transformation role through the implementation of innovative processes, inventive solutions, and blockchain technologies, and their social consequences to solve environmental problems. Once understood and accepted, CE will drive sustainable behaviour.

Suggested Citation

  • Milena P. Ilić & Marko Ranković & Milutin Dobrilović & Rocsana Bucea-Manea-Țoniş & Larisa Mihoreanu & Mădălina Ionela Gheța & Violeta-Elena Simion, 2022. "Challenging Novelties within the Circular Economy Concept under the Digital Transformation of Society," Sustainability, MDPI, vol. 14(2), pages 1-11, January.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:2:p:702-:d:720808
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    References listed on IDEAS

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    1. Eglantina Hysa & Alba Kruja & Naqeeb Ur Rehman & Rafael Laurenti, 2020. "Circular Economy Innovation and Environmental Sustainability Impact on Economic Growth: An Integrated Model for Sustainable Development," Sustainability, MDPI, vol. 12(12), pages 1-16, June.
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    Cited by:

    1. Gnekpe, Christian & Plantec, Quentin, 2023. "Regulatory push-pull and technological knowledge dynamics of circular economy innovation," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    2. Jorge Alberto Vargas-Merino & Cristian Armando Rios-Lama & Miguel Humberto Panez-Bendezú, 2022. "Circular Economy: Approaches and Perspectives of a Variable with a Growing Trend in the Scientific World—A Systematic Review of the Last 5 Years," Sustainability, MDPI, vol. 14(22), pages 1-17, November.
    3. Oana Dobre-Baron & Alina Nițescu & Dorina Niță & Cătălin Mitran, 2022. "Romania’s Perspectives on the Transition to the Circular Economy in an EU Context," Sustainability, MDPI, vol. 14(9), pages 1-26, April.
    4. Fazal Ur Rehman & Basheer M. Al-Ghazali & Adel Ghaleb Haddad & Ehab Abdullatif Qahwash & M. Sadiq Sohail, 2023. "Exploring the Reverse Relationship between Circular Economy Innovation and Digital Sustainability—The Dual Mediation of Government Incentives," Sustainability, MDPI, vol. 15(6), pages 1-21, March.
    5. Radu Bucea-Manea-Tonis & Valentin Kuleto & Šemsudin A. Plojović & Adrian Beteringhe & Milena P. Ilić, 2022. "Securing Big Data for Knowledge Management into a Circular Economy," Sustainability, MDPI, vol. 14(22), pages 1-11, November.
    6. Goran Bjelobaba & Marija Paunovic & Ana Savic & Hana Stefanovic & Jelena Doganjic & Zivanka Miladinovic Bogavac, 2022. "Blockchain Technologies and Digitalization in Function of Student Work Evaluation," Sustainability, MDPI, vol. 14(9), pages 1-22, April.

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