IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i2p702-d720808.html
   My bibliography  Save this article

Challenging Novelties within the Circular Economy Concept under the Digital Transformation of Society

Author

Listed:
  • Milena P. Ilić

    (Information Technology School ITS-Belgrade, LINK Group Belgrade, Faculty of Contemporary Arts Belgrade, University Business Academy, 11000 Belgrade, Serbia)

  • Marko Ranković

    (Faculty of Information Technology and Engineering, University Union Nikola Tesla, 11080 Belgrade, Serbia)

  • Milutin Dobrilović

    (Faculty of Economics, University of Belgrade, 11000 Belgrade, Serbia)

  • Rocsana Bucea-Manea-Țoniş

    (Doctoral School, National University of Physical Education and Sport, 060057 Bucharest, Romania
    USH Pro Business, Spiru Haret University, 030167 Bucharest, Romania)

  • Larisa Mihoreanu

    (Faculty of Administration and Public Management, Bucharest University of Economic Studies, 010374 Bucharest, Romania)

  • Mădălina Ionela Gheța

    (Business Administration Doctoral School, Bucharest University of Economic Studies, 010374 Bucharest, Romania)

  • Violeta-Elena Simion

    (Faculty of Veterinary Medicine, Spiru Haret University, 030045 Bucharest, Romania)

Abstract

The study makes, under a new configuration of the circular economy, a cross-country analysis based on the Competitiveness and Innovation Indicators in the E.U., i.e., two sub-criteria: private investments, jobs, and gross value added; and patents related to recycling and secondary raw materials as a proxy for innovation. The analysis proved that investments influence the number of patents, and participate in societal transformation. A further cluster analysis classified countries on the level of innovation. The cluster analysis in SPSS centres on significant potential, weaknesses, impact, and waste management control through blockchain technology. It is found that the factors that influence innovation, according to the Global Competitiveness Report, link the business dynamism and innovation capability with the capacity to sustain resilient ideas, such as competitive intelligence and social entrepreneurship. The discussions aim to prove that the efforts to rethink the circular economy principles contribute to its conceptual and societal transformation role through the implementation of innovative processes, inventive solutions, and blockchain technologies, and their social consequences to solve environmental problems. Once understood and accepted, CE will drive sustainable behaviour.

Suggested Citation

  • Milena P. Ilić & Marko Ranković & Milutin Dobrilović & Rocsana Bucea-Manea-Țoniş & Larisa Mihoreanu & Mădălina Ionela Gheța & Violeta-Elena Simion, 2022. "Challenging Novelties within the Circular Economy Concept under the Digital Transformation of Society," Sustainability, MDPI, vol. 14(2), pages 1-11, January.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:2:p:702-:d:720808
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/2/702/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/2/702/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Eglantina Hysa & Alba Kruja & Naqeeb Ur Rehman & Rafael Laurenti, 2020. "Circular Economy Innovation and Environmental Sustainability Impact on Economic Growth: An Integrated Model for Sustainable Development," Sustainability, MDPI, vol. 12(12), pages 1-16, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gnekpe, Christian & Plantec, Quentin, 2023. "Regulatory push-pull and technological knowledge dynamics of circular economy innovation," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    2. 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.
    3. Oana Dobre-Baron & Alina Nițescu & Dorina Niță & Cătălin Mitran, 2022. "Romania’s Perspectives on the Transition to the Circular Economy in an EU Context," Sustainability, MDPI, vol. 14(9), pages 1-26, April.
    4. Fazal Ur Rehman & Basheer M. Al-Ghazali & Adel Ghaleb Haddad & Ehab Abdullatif Qahwash & M. Sadiq Sohail, 2023. "Exploring the Reverse Relationship between Circular Economy Innovation and Digital Sustainability—The Dual Mediation of Government Incentives," Sustainability, MDPI, vol. 15(6), pages 1-21, March.
    5. Radu Bucea-Manea-Tonis & Valentin Kuleto & Šemsudin A. Plojović & Adrian Beteringhe & Milena P. Ilić, 2022. "Securing Big Data for Knowledge Management into a Circular Economy," Sustainability, MDPI, vol. 14(22), pages 1-11, November.
    6. Goran Bjelobaba & Marija Paunovic & Ana Savic & Hana Stefanovic & Jelena Doganjic & Zivanka Miladinovic Bogavac, 2022. "Blockchain Technologies and Digitalization in Function of Student Work Evaluation," Sustainability, MDPI, vol. 14(9), pages 1-22, April.

    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. Wei Wang & Kehui Wei & Oleksandr Kubatko & Vladyslav Piven & Yulija Chortok & Oleksandr Derykolenko, 2023. "Economic Growth and Sustainable Transition: Investigating Classical and Novel Factors in Developed Countries," Sustainability, MDPI, vol. 15(16), pages 1-15, August.
    2. Firoz Alam & Shahid Alam & Mohammad Asif & Umme Hani & Mohd Naved Khan, 2023. "An Investigation of Saudi Arabia’s Ambitious Reform Programme with Vision 2030 to Incentivise Investment in the Country’s Non-Oil Industries," Sustainability, MDPI, vol. 15(6), pages 1-19, March.
    3. 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.
    4. Nerajda Feruni & Eglantina Hysa & Mirela Panait & Irina Gabriela Rădulescu & Alina Brezoi, 2020. "The Impact of Corruption, Economic Freedom and Urbanization on Economic Development: Western Balkans versus EU-27," Sustainability, MDPI, vol. 12(22), pages 1-22, November.
    5. Abdelmohsen A. Nassani & Crenguta Sinisi & Loredana Paunescu & Zahid Yousaf & Mohamed Haffar & Ahmad Kabbani, 2022. "Nexus of Innovation Network, Digital Innovation and Frugal Innovation towards Innovation Performance: Investigation of Energy Firms," Sustainability, MDPI, vol. 14(7), pages 1-11, April.
    6. Monika Hejna & Elisabetta Onelli & Alessandra Moscatelli & Maurizio Bellotto & Cinzia Cristiani & Nadia Stroppa & Luciana Rossi, 2021. "Heavy-Metal Phytoremediation from Livestock Wastewater and Exploitation of Exhausted Biomass," IJERPH, MDPI, vol. 18(5), pages 1-16, February.
    7. Jianjia He & Thi Hoai Thuong Mai, 2021. "The Circular Economy: A Study on the Use of Airbnb for Sustainable Coastal Development in the Vietnam Mekong Delta," Sustainability, MDPI, vol. 13(13), pages 1-18, July.
    8. Luiz C. Terra dos Santos & Adrielle Frimaio & Biagio F. Giannetti & Feni Agostinho & Gengyuan Liu & Cecilia M. V. B. Almeida, 2023. "Integrating Environmental, Social, and Economic Dimensions to Monitor Sustainability in the G20 Countries," Sustainability, MDPI, vol. 15(8), pages 1-18, April.
    9. Danilo Boffa & Antonio Prencipe & Armando Papa & Christian Corsi & Mario Sorrentino, 2023. "Boosting circular economy via the b-corporation roads. The effect of the entrepreneurial culture and exogenous factors on sustainability performance," International Entrepreneurship and Management Journal, Springer, vol. 19(2), pages 523-561, June.
    10. Xiaohui Chen & Yiqing He, 2022. "The Impact of Financial Resilience and Steady Growth on High-Quality Economic Development—Based on a Heterogeneous Intermediary Effect Analysis," Sustainability, MDPI, vol. 14(22), pages 1-19, November.
    11. 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.
    12. Ekaterina Blinova & Tatyana Ponomarenko & Valentin Knysh, 2022. "Analyzing the Concept of Corporate Sustainability in the Context of Sustainable Business Development in the Mining Sector with Elements of Circular Economy," Sustainability, MDPI, vol. 14(13), pages 1-30, July.
    13. Victor Platon & Florin Marius Pavelescu & Marius Surugiu & Simona Frone & Raluca Mazilescu & Andreea Constantinescu & Florina Popa, 2023. "Influence of Eco-Innovation and Recycling on Raw Material Consumption; Econometric Approach in the Case of the European Union," Sustainability, MDPI, vol. 15(5), pages 1-18, February.
    14. Sabina Scarpellini, 2022. "Social impacts of a circular business model: An approach from a sustainability accounting and reporting perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(3), pages 646-656, May.
    15. Gheorghița Dincă & Ana-Angela Milan & Maria Letiția Andronic & Anna-Maria Pasztori & Dragoș Dincă, 2022. "Does Circular Economy Contribute to Smart Cities’ Sustainable Development?," IJERPH, MDPI, vol. 19(13), pages 1-27, June.
    16. Mantas Svazas & Yuriy Bilan & Valentinas Navickas & Małgorzata Okręglicka, 2023. "Energy Transformation in Municipal Areas—Key Datasets and Their Influence on Process Evaluation," Energies, MDPI, vol. 16(17), pages 1-20, August.
    17. Rocsana Bucea-Manea-Țoniş & Aleksandar Šević & Milena P. Ilić & Radu Bucea-Manea-Țoniş & Nevenka Popović Šević & Larisa Mihoreanu, 2021. "Untapped Aspects of Innovation and Competition within a European Resilient Circular Economy. A Dual Comparative Study," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
    18. Carlo Ingrao & Claudia Arcidiacono & Valentina Siracusa & Monia Niero & Marzia Traverso, 2021. "Life Cycle Sustainability Analysis of Resource Recovery from Waste Management Systems in a Circular Economy Perspective Key Findings from This Special Issue," Resources, MDPI, vol. 10(4), pages 1-9, April.
    19. Vandenberghe, L.P.S. & Valladares-Diestra, K.K. & Bittencourt, G.A. & Zevallos Torres, L.A. & Vieira, S. & Karp, S.G. & Sydney, E.B. & de Carvalho, J.C. & Thomaz Soccol, V. & Soccol, C.R., 2022. "Beyond sugar and ethanol: The future of sugarcane biorefineries in Brazil," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    20. Blinová Lenka & Godovčin Peter, 2021. "Importance of Recycling the Waste-Cables Containing Copper and PVC," Research Papers Faculty of Materials Science and Technology Slovak University of Technology, Sciendo, vol. 29(48), pages 1-21, 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:gam:jsusta:v:14:y:2022:i:2:p:702-:d:720808. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.