Circular economy and sustainable development

Marković, Milan; Krstić, Bojan; Rađenović, Tamara

doi:10.5937/esd2001001m

Cited by 17 publications

(6 citation statements)

References 16 publications

(18 reference statements)

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“…The concept of sustainable development strives to achieve economic goals by preserving or improving the quality of the living environment. At the same time, the paradigm of circular economy is based on a production system respecting the principles of sustainable economic development, without harming the environment (Marković et al, 2020).…”

Section: Interconnection Of Circular Economy and Sustainable Developmentmentioning

confidence: 99%

Sustainability and product life cycle in circular economy

Aleksić¹,

Jovanović-Vujatović²,

Veselinović³

2023

Econ Sust Dev

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Circular economy and business according to its principles are gaining in importance in increasingly competitive business conditions. The main goal of the company is to make a profit through respect for the environmental and social dimensions. Through sustainable development and the application of the zero-waste principle, the emphasis is shifted to production that saves resources and uses renewable energy. The aim of this paper is to emphasize the connection between sustainable development and circular economy, as well as the possibility of extending the life of products and raw materials through the concept of the circular economy. The importance of this topic stems from the need to align economic goals with the goals of preserving resources and the environment. The main purpose is to show the connection between sustainable development and the circular economy, as well as to point out how compliance with standards and recommendations can help in the transition from a linear to a circular way of doing business.

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Section: Interconnection Of Circular Economy and Sustainable Developmentmentioning

confidence: 99%

Sustainability and product life cycle in circular economy

Aleksić¹,

Jovanović-Vujatović²,

Veselinović³

2023

Econ Sust Dev

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“…Theoretical discussions about the effects, potential, advantages, limitations, and measurement of the Circular Economy comprise the main body of research within the last two decades (Kirchherr et al, 2017;Geissdoerfer et al, 2017;Berg et al, 2018;Esposito et al, 2018;Korhonen et al, 2018;Martinho & Mourao, 2020;Marković et al, 2020). However, starting with China's experiment with a Circular Economy (Yuan et al, 2006;Geng et al, 2013;Chen et al, 2020), empirical research within the last decade is providing a better understanding of how a Circular Economy can benefit national, regional and world economies (Berg et al, 2018;Bogovitz & Sergi, 2019;Domenech & Bahn-Walkowiak, 2019) as well as individual economic subjects such as corporations and SMEs (Leider & Rashid, 2016;Busu & Nedelcu, 2017;Esposito et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Assessment of the impact of Circular Economy competitiveness and innovation on European economic growth

Popović¹,

Ivanović-Đukić²,

Milijić³

2022

EurJ Appl Econ

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The world usage of raw materials is 70% higher than what the Earth can safely renew. Circular Economy represents a new model of economic development relying on the 7Rs (redesign, reduce, reuse, repair, renovate, recycle, and recover) to provide operational and strategic benefits on the micro, meso, and macro levels. This research aims to determine the impact that circular economy competitiveness and innovation have on economic growth within European countries by evaluating the impact of four independent variables selected from the European Commission Circular Economy monitoring framework on the GNI per capita. This paper analyses the competitiveness through Values Added at Factor Cost (VAFC), Gross Investment in Tangible Goods (GITG), and Number of Employees (EMP) in Circular Economy, innovation through the Number of Patents in climate change mitigation technologies related to wastewater treatment or waste management (PAT), while the economic growth was estimated based on the GNI per capita annual growth rate (GNIpc). Correlation and regression methods were applied to the sample of 25 European countries using the log-transformed data. The results show that the correlation between VAFC and GNIpc is moderate and significant but negative, while the correlation between GITG and EMP and GNIpc is not statistically significant.

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“…In today's world of fierce competition, companies have to recognize the dangers of imitation and the critical role of innovation and devote appropriate resources to R&D (Guo et al, 2016), resulting in competitive strength and affecting profitability levels. Due to the quick technological advancements and increasingly sophisticated consumer markets, companies are forced to consistently invest in R&D and innovation, which are regarded as the primary strategic factors for their success (Marković et al, 2020). The degree of innovation of these companies can be identified based on the part of the realized sales revenues that are invested in R&D. For the competitive advantage of innovative companies, it is very important not only to invest significantly in R&D, but also to have the highest intensity of investment in R&D and realize the high efficiency of investment in R&D. To boost revenues, earnings, labour productivity, profitability, technical innovation, and competitiveness, every company aims to increase the effectiveness and efficiency of R&D investment (Veselinović & Veselinović, 2019).…”

Section: The Relevance Of Randd Activity For Improving Business Perfo...mentioning

confidence: 99%

THE IMPACT OF R&D ACTIVITY ON THE BUSINESS PERFORMANCE OF HIGH-TECHNOLOGY COMPANIES

Janjić

Krstić²,

Milanović³

2022

FU Econ Org

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This paper aims to examine the influence of R&D activity on the business performance of high-technology companies. In order to provide an empirical investigation of the impact of R&D activity on the business performance of high-technology companies, correlation and regression analyses have been utilized.This study discovered that investment in R&D has a positive influence on EBIT, net earnings, EBITDA, and total assets, while its influence on ROA was confirmed to be statistically significant and negative. Additionally, the influence of R&D intensity performance indicator (RDI) on ROA as a short-term financial performance indicator was not confirmed. The study revealed that return on R&D investment (RORDI) has a statistically significant and positive influence on ROA in the current, observed year.The evaluation of the obtained results can be a basis for drawing more detailed conclusions, contributing to the future R&D strategy and existing literature, and emphasizing the importance of R&D investment for various business performances.The originality of this study is reflected in the comprehensive analysis of the influence of specific indicators of R&D activity, such as RORDI, on the business performance of high-technology companies. This paper is also beneficial because none of the existing studies have explored the impact of investment in R&D on EBITDA.

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Circular economy and sustainable development

Cited by 17 publications

References 16 publications

Sustainability and product life cycle in circular economy

Sustainability and product life cycle in circular economy

Assessment of the impact of Circular Economy competitiveness and innovation on European economic growth

THE IMPACT OF R&D ACTIVITY ON THE BUSINESS PERFORMANCE OF HIGH-TECHNOLOGY COMPANIES

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