Green Wealth in Motion: Leveraging the Sharing Economy for a Circular Future

Purpose:The sharing economy epitomises a paradigm shift by advocating for sustainable consumption practices and resource optimisation. This study investigates the critical factors influencing the burgeoning sharing economy. Methodology:Logical analysis and synthesis methods to glean insights from the existing scholarly literature on the sharing economy and the factors impacting its development. The author establish a comprehensive set of indicators categorised into four key domains: technological infrastructure, political and regulatory landscape, economic context, and socio-cultural environment. Findings:A framework of quantifiable indicators encompassing the critical factors necessary for the sharing economy’s development. Indicators encompass a comprehensive spectrum, reflecting the influence of technological advancements, economic conditions, socio-cultural factors, and the prevailing political and regulatory environment. Implications:This evaluation considers the principal factors influencing the development and enables comparative analysis between countries based on the conditions fostering the sharing economy. Limitations:This study relies on a literature review, which may not encompass all factors affecting the sharing economy, with a possibility that additional factors not addressed in this study could influence the development of the sharing economy. The indicator framework could be expanded or revised in the future based on new research findings. Future Research:Incorporating dynamic analysis would reveal how fluctuations in identified factors affect the sharing economy over time. Expanding the research to more countries could provide a broader understanding of the global sharing economy landscape, potentially investigating regional or city-level factors for contextual insights. Future research could weight indicators based on their relative importance.