Circular economy in clusters' performance evaluation

Kristina Razminienė

46 citations0/0 files storedEquilibrium Quarterly Journal of Economics and Economic Policy

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Sustainable Supply Chain Management Regional Development and Innovation Sustainable Industrial Ecology

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.

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References

2016Implementation of Circular Economy Business Models by Small and Medium-Sized Enterprises (SMEs): Barriers and Enablers 2017Circular Economy Policies in China and Europe 2018Exploring How Usage-Focused Business Models Enable Circular Economy through Digital Technologies 2016Towards a more Circular Economy: Proposing a framework linking sustainable public procurement and sustainable business models 2017Coming Full Circle: Why Social and Institutional Dimensions Matter for the Circular Economy 2017Advancing to a Circular Economy: three essential ingredients for a comprehensive policy mix 2017Circular Business Models: Defining a Concept and Framing an Emerging Research Field 2017Developing and implementing circular economy business models in service-oriented technology companies

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