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SMEs and the Circular Economy: From Policy to Difficulties Encountered During Implementation

Author

Listed:
  • Mihaela Ghenta

    (National Scientific Research Institute for Labour and Social Protection (INCSMPS))

  • Aniela Matei

    (National Scientific Research Institute for Labour and Social Protection (INCSMPS))

Abstract

Circular economy is a concept that currently received a particular attention due to its contribution to the European objectives related to economic development under restrictive environmental conditions, in other words, the implementation of circular economy activities is essential to maintain and increase the competitiveness of the European economy. The aim of this paper is to contribute to the understanding of the concept of circular economy, of its different dimensions, and in the same time of the difficulties experienced by small and medium-sized enterprises in the process of implementing such activities, at national level. In order to achieve these objectives, data related to the activity of SMEs in Romania regarding circular economy, gathered within Flash Eurobarometer 441 coordinated by the European Commission during April 2016, were analysed. Although the

Suggested Citation

  • Mihaela Ghenta & Aniela Matei, 2018. "SMEs and the Circular Economy: From Policy to Difficulties Encountered During Implementation," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(48), pages 294-294.
    • Handle: RePEc:aes:amfeco:v:20:y:2018:i:48:p:294
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    1. Vasileios Rizos & Arno Behrens & Wytze Van der Gaast & Erwin Hofman & Anastasia Ioannou & Terri Kafyeke & Alexandros Flamos & Roberto Rinaldi & Sotiris Papadelis & Martin Hirschnitz-Garbers & Corrado , 2016. "Implementation of Circular Economy Business Models by Small and Medium-Sized Enterprises (SMEs): Barriers and Enablers," Sustainability, MDPI, vol. 8(11), pages 1-18, November.
    2. Ana-Maria Zamfir & Cristina Mocanu & Adriana Grigorescu, 2017. "Circular Economy and Decision Models among European SMEs," Sustainability, MDPI, vol. 9(9), pages 1-15, August.
    3. Rizos, Vasileios & Tuokko, Katja & Behrens, Arno, 2017. "The Circular Economy: A review of definitions, processes and impacts," CEPS Papers 12440, Centre for European Policy Studies.
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    Cited by:

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    2. Ilija Moric & Jelena Šaković Jovanović & Rajka Đoković & Sanja Peković & Đurđica Perović, 2020. "The Effect of Phases of the Adoption of the Circular Economy on Firm Performance: Evidence from 28 EU Countries," Sustainability, MDPI, vol. 12(6), pages 1-12, March.
    3. Marta Negri & Alessandra Neri & Enrico Cagno & Gabriele Monfardini, 2021. "Circular Economy Performance Measurement in Manufacturing Firms: A Systematic Literature Review with Insights for Small and Medium Enterprises and New Adopters," Sustainability, MDPI, vol. 13(16), pages 1-27, August.
    4. Fernando E. Garcia-Muiña & Rocío González-Sánchez & Anna Maria Ferrari & Lucrezia Volpi & Martina Pini & Cristina Siligardi & Davide Settembre-Blundo, 2019. "Identifying the Equilibrium Point between Sustainability Goals and Circular Economy Practices in an Industry 4.0 Manufacturing Context Using Eco-Design," Social Sciences, MDPI, vol. 8(8), pages 1-22, August.
    5. Piotr Kafel & Paweł Nowicki, 2022. "Circular Economy Implementation Based on ISO 14001 within SME Organization: How to Do It Best?," Sustainability, MDPI, vol. 15(1), pages 1-11, December.
    6. Han van Kleef & Donald Ropes, 2021. "Waste Management Firms as Catalysts for Developing SME’s Circular Business Models: the Possibilities of Industrial Symbiosis," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 7(1), pages 16-27, April.
    7. Irina Albastroiu Nastase & Cristian Negrutiu & Mihai Felea & Carmen Acatrinei & Andrei Cepoi & Adrian Istrate, 2021. "Toward a Circular Economy in the Toy Industry: The Business Model of a Romanian Company," Sustainability, MDPI, vol. 14(1), pages 1-25, December.
    8. 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.
    9. Vítor Domingues Martinho & Paulo Reis Mourão, 2020. "Circular Economy and Economic Development in the European Union: A Review and Bibliometric Analysis," Sustainability, MDPI, vol. 12(18), pages 1-25, September.
    10. Elena Aurelia Botezat & Anca Otilia Dodescu & Sebastian Văduva & Silvia Liana Fotea, 2018. "An Exploration of Circular Economy Practices and Performance Among Romanian Producers," Sustainability, MDPI, vol. 10(9), pages 1-17, September.
    11. Grigorescu Adriana & Maer Matei Monica Mihaela & Mocanu Cristina & Zamfir Ana-Maria, 2019. "Key drivers and skills need for innovative companies focused on sustainability," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 13(1), pages 717-727, May.
    12. 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.

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    More about this item

    Keywords

    circular economy; small and medium sized enterprises; resources efficiency; barriers in implementing the circular economy; recycling.;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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