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Development of environmental pillar in the context of circular economy assessment: Baltic Sea Region case

Author

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  • Marta Nikanorova

    (Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania)

  • Jelena Stankevičienė

    (Vilnius Gediminas Technical University (VILNIUS TECH), Lithuania)

Abstract

Circular Economy (CE) is an economic approach which aims to save the environment by eliminating waste and efficiently using resources by applying recycle, reuse, repair, remanufacturing and recycling strategies. The purpose of the article is to propose a concept of measurement the development of Environmental pillar in the context of Circular Economy, apply and provide empirical evidence based on the data of Baltic Sea Region countries. The research augmented for the analysis of Circular Economy which includes assessment model creation. The multi-criteria decision methods MULTIMOORA and TOPSIS were used to assess the development of Environmental pillar of Circular Economy in Baltic Sea Region. Results are useful to add to theoretical building and evaluate the Environmental aspect in the concept of Circular Economy.

Suggested Citation

  • Marta Nikanorova & Jelena Stankevičienė, 2020. "Development of environmental pillar in the context of circular economy assessment: Baltic Sea Region case," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(1), pages 1209-1223, September.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:1:p:1209-1223
    DOI: 10.9770/jesi.2020.8.1(81)
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    References listed on IDEAS

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    1. Edmundas Kazimieras Zavadskas & Abbas Mardani & Zenonas Turskis & Ahmad Jusoh & Khalil MD Nor, 2016. "Development of TOPSIS Method to Solve Complicated Decision-Making Problems — An Overview on Developments from 2000 to 2015," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(03), pages 645-682, May.
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    Cited by:

    1. Kartik Kapoor & Nikhil Sayi Amydala & Anubhav Ambooken & Anne Scheinberg, 2023. "Measuring Circularity in Cities: A Review of the Scholarly and Grey Literature in Search of Evidence-Based, Measurable and Actionable Indicators," Sustainability, MDPI, vol. 15(19), pages 1-26, September.
    2. 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.
    3. Pereira, Vijay & Nandakumar, M.K. & Sahasranamam, Sreevas & Bamel, Umesh & Malik, Ashish & Temouri, Yama, 2022. "An exploratory study into emerging market SMEs’ involvement in the circular Economy: Evidence from India’s indigenous Ayurveda industry," Journal of Business Research, Elsevier, vol. 142(C), pages 188-199.
    4. Natalia Solano-Pinto & Dunia Garrido & Felipe Gértrudix-Barrio & Raquel Fernández-Cézar, 2020. "Is Knowledge of Circular Economy, Pro-Environmental Behavior, Satisfaction with Life, and Beliefs a Predictor of Connectedness to Nature in Rural Children and Adolescents? A Pilot Study," Sustainability, MDPI, vol. 12(23), pages 1-13, November.
    5. Rasmus Bøgh Holmen & Gianni Carvelli & Kristina Razminienė & Manuela Tvaronavičienė, 2025. "Macroeconomic Influences on Recycling in Europe: An Econometric Investigation," Circular Economy and Sustainability, Springer, vol. 5(1), pages 573-602, February.

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    More about this item

    Keywords

    circular economy; circular economy indicators; environmental indicators; circular economy strategies; MULTIMOORA; TOPSIS;
    All these keywords.

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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