IDEAS home Printed from https://ideas.repec.org/a/ags/reowae/338965.html
   My bibliography  Save this article

Understanding Factors of Households' Circular Economy Adoption to Facilitate Sustainable Development in an Emerging Country

Author

Listed:
  • Tran, Quang Phu
  • Nguyen, The Kien
  • Dong, Manh Cuong

Abstract

A shift from a linear economy to a circular economy can help participants (i.e., enterprises and households) to cut expenses, stabilize supply chains for the long term, and lower manufacturing and operating costs. Although the circular economy can benefit both the economy and the environment, this topic has still been under-studied in developing countries. More specifically, there has been little known about conditions and/or barriers for stakeholders in adopting a circular economy. In this regard, the authors conducted a study among Vietnamese households to improve the understanding of the factors (both drivers and impediments) of a circular economy adoption. Specifically, the authors employed a questionnaire-based survey approach to collect data from 473 households operating in the agricultural sector in the Red River Delta, Vietnam. The PLS-SEM method was performed to unravel the complicated relationship between circular economy adoption, organizational innovation, and income of agricultural households. The results showed that the adoption of circular economy is widely influenced by many factors in Vietnam. For example, technology has a negative impact on the level of circular economy adoption while policy and regulation, management, customer, and society have the opposite effect. Furthermore, organizational innovation played a fully mediating role between circular economy adoption and households’ income. The results of the study offer many policy implications for supporting and increasing the households’ circular economy adoption for further sustainable development in Vietnam and beyond.

Suggested Citation

  • Tran, Quang Phu & Nguyen, The Kien & Dong, Manh Cuong, 2023. "Understanding Factors of Households' Circular Economy Adoption to Facilitate Sustainable Development in an Emerging Country," Research on World Agricultural Economy, Nan Yang Academy of Sciences Pte Ltd (NASS), vol. 4(4), November.
    • Handle: RePEc:ags:reowae:338965
    DOI: 10.22004/ag.econ.338965
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/338965/files/RWAE-0404-911.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.338965?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. Xiqiang Xia & Junhu Ruan, 2020. "Analyzing Barriers for Developing a Sustainable Circular Economy in Agriculture in China Using Grey-DEMATEL Approach," Sustainability, MDPI, vol. 12(16), pages 1-25, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bruno Michel Roman Pais Seles & Janaina Mascarenhas & Ana Beatriz Lopes de Sousa Jabbour & Adriana Hoffman Trevisan, 2022. "Smoothing the circular economy transition: The role of resources and capabilities enablers," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1814-1837, May.
    2. Hana Urbancová & Pavla Vrabcová, 2023. "Sustainability-oriented Innovation: Crucial Sources to Achieve Competitiveness," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 71(1), pages 46-64, January.
    3. Ahmad, Farhan & Bask, Anu & Laari, Sini & Robinson, Craig V., 2023. "Business management perspectives on the circular economy: Present state and future directions," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    4. Chaudhary, Sanjay & Kaur, Puneet & Ferraris, Alberto & Bresciani, Stefano & Dhir, Amandeep, 2024. "Connecting entrepreneurial ecosystem and innovation. Grasping at straws or hitting a home run?," Technovation, Elsevier, vol. 130(C).
    5. Joanicjusz Nazarko & Ewa Chodakowska & Łukasz Nazarko, 2022. "Evaluating the Transition of the European Union Member States towards a Circular Economy," Energies, MDPI, vol. 15(11), pages 1-24, May.
    6. Ángela Triguero & María C. Cuerva & Francisco J. Sáez‐Martínez, 2022. "Closing the loop through eco‐innovation by European firms: Circular economy for sustainable development," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2337-2350, July.
    7. Hermundsdottir, Fanny & Haneberg, Dag Håkon & Aspelund, Arild, 2022. "Analyzing the impact of COVID-19 on environmental innovations in manufacturing firms," Technology in Society, Elsevier, vol. 68(C).
    8. Simone Sehnem & Adriane A. Farias S. L. de Queiroz & Susana Carla Farias Pereira & Gabriel dos Santos Correia & Edson Kuzma, 2022. "Circular economy and innovation: A look from the perspective of organizational capabilities," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 236-250, January.
    9. Carla L. Simões & Ricardo Simoes & Ana Sofia Gonçalves & Leonel J. R. Nunes, 2023. "Environmental Analysis of the Valorization of Woody Biomass Residues: A Comparative Study with Vine Pruning Leftovers in Portugal," Sustainability, MDPI, vol. 15(20), pages 1-16, October.
    10. Luai Jraisat & Mohannad Jreissat & Arvind Upadhyay & Farhana Sajjad & Krishna Chandra Balodi, 2022. "Paradox of strategic partnerships for sustainable value chains: Perspectives of not‐for‐profit actors," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3491-3508, November.
    11. Andrea Pronti & Roberto Zoboli, 2024. "Institutional Quality, Trust in Institutions, and Waste Recycling Performance in the EU27," Sustainability, MDPI, vol. 16(2), pages 1-18, January.
    12. Victoria IORDACHI & Nicolae POPA, 2022. "Circular Agriculture – A New Paradigm Of Economic Development," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 19(1), pages 89-100.
    13. Harshad Sonar & Ayon Mukherjee & Angappa Gunasekaran & Rajesh Kr Singh, 2022. "Sustainable supply chain management of automotive sector in context to the circular economy: A strategic framework," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3635-3648, November.
    14. Sher Jahan Khan & Saeed Badghish & Puneet Kaur & Rajat Sharma & Amandeep Dhir, 2023. "What motivates the purchasing of green apparel products? A systematic review and future research agenda," Business Strategy and the Environment, Wiley Blackwell, vol. 32(7), pages 4183-4201, November.
    15. 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.
    16. 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.
    17. Huynh Evertsen, Phuc & Rasmussen, Einar & Nenadic, Oleg, 2022. "Commercializing circular economy innovations: A taxonomy of academic spin-offs," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
    18. Ibrahim A. Elshaer & Alaa M. S. Azazz & Salah S. Hassan & Sameh Fayyad, 2023. "Farm-to-Fork and Sustainable Agriculture Practices: Perceived Economic Benefit as a Moderator and Environmental Sustainability as a Mediator," Sustainability, MDPI, vol. 15(14), pages 1-16, July.
    19. Chowdhury, Soumyadeb & Dey, Prasanta Kumar & Rodríguez-Espíndola, Oscar & Parkes, Geoff & Tuyet, Nguyen Thi Anh & Long, Dang Duc & Ha, Tran Phuong, 2022. "Impact of Organisational Factors on the Circular Economy Practices and Sustainable Performance of Small and Medium-sized Enterprises in Vietnam," Journal of Business Research, Elsevier, vol. 147(C), pages 362-378.
    20. Kucher, Lesia & Kucher, Anatolii & Morozova, Hanna & Pashchenko, Yulia, 2022. "Development of circular agricultural economy: potential sources of financing innovative projects," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 8(2), June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:reowae:338965. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: http://www.nassg.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.