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Development in the Circular Economy Concept: Systematic Review in Context of an Umbrella Framework

Author

Listed:
  • Sugam Upadhayay

    (College of Business, Westcliff University, Irvine, CA 92614, USA)

  • Omaima Alqassimi

    (College of Business, University of Sharjah, Sharjah 27272, United Arab Emirates)

  • Edmund Khashadourian

    (College of Business, Westcliff University, Irvine, CA 92614, USA)

  • Alex Sherm

    (College of Business, Westcliff University, Irvine, CA 92614, USA)

  • Dinesh Prajapati

    (University Grants Commission, Bhaktapur 44811, Nepal)

Abstract

Even though the traction towards a circular economy (CE) is on the rise, and the benefits a CE has across ecological, economic, and social frontiers have been undeniable, still, CE-related developments and its adoption have not been appealing. This study conducts a systematic literature review of the CE-related literature in line with the ‘umbrella framework’ to find the current state of the diffusion and diversification of CE concepts both in the academic context as well as in application. Using a thematic and content analysis of the sampled literature, the study (i) develops a comprehensive and inclusive CE definition and (ii) examines the level of diffusion of CE in the economy. The study concludes that, even though CE-related developments are positive and promising, it is still in the validity phase of the umbrella framework and recommends focusing more on the application-based intervention of the CE.

Suggested Citation

  • Sugam Upadhayay & Omaima Alqassimi & Edmund Khashadourian & Alex Sherm & Dinesh Prajapati, 2024. "Development in the Circular Economy Concept: Systematic Review in Context of an Umbrella Framework," Sustainability, MDPI, vol. 16(4), pages 1-42, February.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:4:p:1500-:d:1336808
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    References listed on IDEAS

    as
    1. Cristina Cauti?anu & Laura Asandului & Mioara Borza & Ciprian Turturean, 2018. "Quantitative Approach to Circular Economy in the OECD Countries," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(48), pages 262-262.
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    4. Kirchherr, Julian & Reike, Denise & Hekkert, Marko, 2017. "Conceptualizing the circular economy: An analysis of 114 definitions," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 221-232.
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