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Circular economy in clusters' performance evaluation

Author

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  • Kristina Razminiene

    (Vilnius Gediminas Technical University, Lithuania)

Abstract

Research background: The value of clusters in developing advanced technology products and services as well as promoting regional growth is acknowledged by many policymakers and researchers (Lee et al., 2012). Hence, clusters are identified as enablers of the circular economy and resource efficiency in this study. Companies aim to enhance competencies and create competitive advantages in global competition and this can be achieved through pulling from a common and accessible pool of resources, information and demand for innovation which means that companies can profit from belonging to a cluster. Purpose of the article: The main aim of the article is to overview the scientific literature that addresses the circular economy, identify clusters and their role in the circular economy and suggest how small and medium enterprises could engage in a circular economy through clusters' performance development. Methods: Bibliometric literature analysis enables identifying the latest trends in scientific articles regarding a circular economy and clusters. The analytical hierarchy process (AHP) allows for composing the scheme of the cluster’s competitive advantage within circular economy. Findings & Value added: The findings suggest that resource efficiency is considered to be one of the most important ambitions and clusters can work as enablers of a circular economy for small and medium enterprises (SMEs), gaining a competitive advantage at the same time. Clusters can encourage and provide conditions in which SMEs would turn to a circular economy. The scheme of Cluster's competitive advantage proposed by the author can help cluster's coordinators, policymakers and all the concerned parties to verify the importance of clusters' involvement in the circular economy.

Suggested Citation

  • Kristina Razminiene, 2019. "Circular economy in clusters' performance evaluation," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 14(3), pages 537-559, September.
    • Handle: RePEc:pes:ierequ:v:14:y:2019:i:3:p:537-559
    DOI: 10.24136/eq.2019.026
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    Cited by:

    1. Nestor Shpak & Oleh Kuzmin & Olga Melnyk & Mariana Ruda & Włodzimierz Sroka, 2020. "Implementation of a Circular Economy in Ukraine: The Context of European Integration," Resources, MDPI, vol. 9(8), pages 1-15, August.
    2. Iwona Bak & Katarzyna Cheba & Irena Lacka, 2020. "Sustainable Development and Innovations- How They Work Together?," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 93-113.
    3. Agata Sudolska & Justyna Łapińska, 2020. "Exploring Determinants of Innovation Capability in Manufacturing Companies Operating in Poland," Sustainability, MDPI, vol. 12(17), pages 1-21, August.
    4. María-Jesús Luengo-Valderrey & Julián Pando-García & Iñaki Periáñez-Cañadillas & Amparo Cervera-Taulet, 2020. "Analysis of the Impact of the Triple Helix on Sustainable Innovation Targets in Spanish Technology Companies," Sustainability, MDPI, vol. 12(8), pages 1-20, April.
    5. Baoting Peng & Xin Shen, 2024. "Does Environmental Regulation Affect Circular Economy Performance? Evidence from China," Sustainability, MDPI, vol. 16(11), pages 1-19, May.
    6. Maryna Brychko & Yuriy Bilan & Serhiy Lyeonov & Dalia Streimikiene, 2023. "Do changes in the business environment and sustainable development really matter for enhancing enterprise development?," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(2), pages 587-599, April.
    7. Nathalia Suchek & Cristina I. Fernandes & Sascha Kraus & Matthias Filser & Helena Sjögrén, 2021. "Innovation and the circular economy: A systematic literature review," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 3686-3702, December.
    8. Zhejun Min & Sukanlaya Sawang & Robbert A. Kivits, 2021. "Proposing Circular Economy Ecosystem for Chinese SMEs: A Systematic Review," IJERPH, MDPI, vol. 18(5), pages 1-13, March.
    9. Magdalena Maciaszczyk & Aneta Czechowska-Kosacka & Agnieszka Rzepka & Tomasz Lipecki & Ewa Łazuka & Paweł Wlaź, 2022. "Consumer Awareness of Renewable Energy Sources: The Case of Poland," Energies, MDPI, vol. 15(22), pages 1-16, November.
    10. Nathalia Suchek & João J. Ferreira & Paula O. Fernandes, 2022. "A review of entrepreneurship and circular economy research: State of the art and future directions," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2256-2283, July.
    11. Michał Bernard Pietrzak & Bartłomiej Igliński & Wojciech Kujawski & Paweł Iwański, 2021. "Energy Transition in Poland—Assessment of the Renewable Energy Sector," Energies, MDPI, vol. 14(8), pages 1-23, April.
    12. Adam P. Balcerzak & Radka MacGregor Pelikánová, 2020. "Projection of SDGs in Codes of Ethics—Case Study about Lost in Translation," Administrative Sciences, MDPI, vol. 10(4), pages 1-18, November.
    13. José María Martín Martín & Sara Calvo Martínez & José Manuel Guaita Martínez & Domingo Enrique Ribeiro Soriano, 2022. "RETRACTED ARTICLE: Qualitative analysis on the driving force behind upcycling practices associated with mobile applications: Circular economy perspective," Operations Management Research, Springer, vol. 15(3), pages 647-661, December.

    More about this item

    Keywords

    clusters; circular economy; resource efficiency; performance evaluation; knowledge transfer; sustainability; sustainable growth; sustainable use of resources;
    All these keywords.

    JEL classification:

    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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