scholarly journals CIRCULAR ECONOMY AS A DRIVER OF SUSTAINABLE DEVELOPMENT OF UKRAINE

2020 ◽  
Vol 2 (6) ◽  
pp. 239-248
Author(s):  
Viktoriya Gonchar ◽  
Tetiana Gorokhova ◽  
Leila Mamatova
Keyword(s):  
Sustainable Development ◽  
Circular Economy ◽  
Business Models ◽  
Economic Condition ◽  
Resource Recovery ◽  
European Countries ◽  
Performance Criteria ◽  
Material Flows ◽  
Long Run ◽  
The Relationship

The article considers the model of circular economy and the possibility of its implementation in Ukraine. The authors explore the main aspects of the circular economy and the relationship with the goals of sustainable development. It is noted that the use of innovations and innovation systems is the basis of the circular economy, which will ensure the interdependence between the reduction of non-returnable waste and increase the use of reusable resources, will not improve the ecological and economic condition of the country. The article analyzes the economic content of methods and models of implementation of the circular economy by identifying their impact on the sustainability of economic and government systems. The generalization of world experience in the implemented concepts of the circular economy allowed us to identify 5 main circular business models: circular deliveries, resource recovery, platforms for exchange and sharing, product as a service. The article gives examples of implementation of the principles of circular economy in the production of world brands. Prerequisites and recommendations for the introduction of a circular economy in Ukraine are summarized. It is determined that the introduction of a circular economy is beneficial for the enterprise or company, for consumers, communities and the state as a whole. The advantages in the long run on optimization of material flows, opportunities to enter new markets, expand the scope of services, obtaining additional profits in the field of services are highlighted. The interrelation of business models of circular economy recommended for use in Ukraine is established. The article identifies further steps of the study, which will be aimed at building a model of circular economy, based on the experience of leading European countries, taking into account Ukrainian characteristics, as well as detailed performance criteria for companies implementing circular economy depending on the scope and size.

Strategic guidelines for the development of bioenergy potential of agricultural enterprises in the transition to a circular economy

2019 ◽  
pp. 144-151
Author(s):  
Ihor Yatsiv ◽  
Mykhaylo Stupen ◽  
Nadiya Pylypiv ◽  
Diana Shelenko
Keyword(s):  
Sustainable Development ◽  
Circular Economy ◽  
Business Models ◽  
Agricultural Sector ◽  
Agricultural Waste ◽  
Successful Implementation ◽  
Strategic Orientations ◽  
Circular Model ◽  
Long Run ◽  
Strategic Goals

Given the limited volume of natural resources and the trend towards population growth, the existing linear model of take-use-recycling economy needs rethinking. The idea that underlies the circular model of the economy, according to which goods of today are to become resources of tomorrow, is becoming increasingly relevant. Under these conditions, the agricultural sector must, first of all, ensuring food security, intensify the production of biomass as a renewable source of energy, since bioresources and biomass make up the highest share in agriculture. The article summarizes and proposes the strategic goals and guidelines for the development of the bioenergy component of agriculture. In Ukraine, a significant amount of biomass is produced annually, which is not used efficiently. Instead of addressing the needs of the energy sector, the lion’s share of waste is recovered through incineration, which in itself causes significant damage to the environment in general and the economy in particular. It has been researched that the potential of bioenergy largely depends on the geographical distribution and availability of existing waste and by-products on the one hand, and on the overall strategic orientations of the sector’s development on the other. The article analyzes the strategic goals of the rational use of agricultural waste for bioenergy production, which would certainly be economically viable and contribute to the sustainable development of the state’s economy. Strategic guidelines that are formulated in terms of the requirements and constraints of the circular economy are also offered. They are: 1) Use biomass that is obtained only on the basis of the principle of sustainability; 2) Promote the use of research, development and innovation at various stages; 3) Adhere to the principles of optimal use of bioresources; 4) Transformation of business models of players in the bioenergy market. Successful implementation of the circular business model in the agricultural sector must take into account the interests of all market participants, based on the principle of sustainable development. At the stage of transformation from a linear to a circular economy, the agricultural sector needs to change its existing business models in order to increase its innovation component, improve its logistics processes, develop a strategy for realizing its existing bioenergy potential and sustainable economic development in general. It should be understood that the benefits expected from the bioenergy sector are only possible in the long run.

scholarly journals Exploring Foreign Direct Investment–Economic Growth Nexus—Empirical Evidence from Central and Eastern European Countries

2019 ◽  
Vol 11 (19) ◽  
pp. 5421 ◽  
Author(s):  
Ștefan Cristian Gherghina ◽  
Liliana Nicoleta Simionescu ◽  
Oana Simona Hudea
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Institutional Quality ◽  
European Countries ◽  
Transport Infrastructure ◽  
Eastern European ◽  
Long Run ◽  
Eastern European Countries

This study aims to examine the link between foreign direct investment (FDI) inflows and economic growth, also considering several institutional quality variables, as well as sustainable development goals (SDGs) set in the 2030 Agenda for Sustainable Development. By estimating panel data regression models for a sample of 11 Central and Eastern European countries, from 2003 to 2016, the empirical outcomes provide support for a non-linear relationship between FDI and gross domestic product per capita. Regarding institutional quality, it is found that control of corruption, government effectiveness, regulatory quality, rule of law, and voice and accountability positively influence growth, while political stability and absence of violence/terrorism is not statistically significant. Moreover, SDGs such as poverty, income distribution, education, innovation, transport infrastructure, and information technology are noteworthy drivers of growth. The outcomes of panel fully modified and dynamic ordinary least squares partly confirm the findings. The panel vector error-correction model Granger causalities provide support for a short-run one-way causal association running from FDI to growth and a long-run two-way causal connection among FDI and growth. Furthermore, in the long run, unidirectional causal relationships running from each institutional quality indicator to economic growth and FDI are set out.

scholarly journals Global energy security and international economic development

2020 ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Circular Economy ◽  
Energy Security ◽  
Global Economy ◽  
Business Models ◽  
Clean Energy ◽  
Resource Saving ◽  
Use Of Resources ◽  
General Functioning

Energy security is at the top of the international political and economic agenda due to its importance for the economic and social development of individual countries, for relations between them, for the global economy and the environment. Indeed, it is difficult to imagine an area where countries are more interdependent than at the confluence of energy, environment, and economic development. Energy security has implications for domestic and foreign policy. This means the interdependence between producer and consumer, where mutual vulnerability and a win-win opportunity are short-term and long-term. The work systematizes the types of energy with the goal of sustainable development: the balance of economic, social, and environmental components, through a model of a circular economy, which allows achieving energy security. The first step is switching from carbon-based energy (oil, gas, coal) to clean energy (solar, wind, hydropower, etc.). However, it is also important to act on the principle of energy efficiency, which is to measure the difference between the actually used energy and the total energy consumed (often higher due to losses). The principle of the circular economy of achieving the most efficient use of resources is the most essential for the development of innovative solutions aimed at the transition to clean energy. Having studied the various approaches by comparison and analogy, we can conclude that the Concept of the circular economy offers effective business models to ensure environmentally friendly resource use, contributing to the achievement of sustainable development goals of society. The article used historical and statistical methods, as well as a system approach to the study of economic phenomena, which helped to identify the relationship between all elements and their roles in the general functioning of the circular economy. Using the method of comparison and scientific modeling, the role of the circular economy in resource-saving, minimizing waste and reducing pressure on the environment is revealed, while achieving significant economic and social results in energy security.

scholarly journals Circular Economy: Tendencies and Development Perspectives

2021 ◽  
Vol 2021 (2) ◽  
pp. 33-42
Author(s):  
Tatjana T. Tambovceva ◽  
Leonid Hr. Melnyk ◽  
Iryna B. Dehtyarova ◽  
Stanislav O. Nikolaev
Keyword(s):  
Sustainable Development ◽  
Natural Resources ◽  
Circular Economy ◽  
Sustainable Development Goals ◽  
Business Models ◽  
Modern World ◽  
Renewable Materials ◽  
Development Goals ◽  
By Products ◽  
New Jobs

The research represents the analysis of the circular economy and its essential characteristics of circular economy in the modern world. The circular economy makes it possible to "detach" the country's GDP growth from the consumption of natural resources and environmental pollution. It explains how the circular economy should stimulate sustainable development and inclusion in the system of Sustainable Development Goals. The research presents how the circular economy can ensure labor productivity, efficient environmental and energy conservation, and the creation of new jobs. It analyzes principles and tools of the circular economy. This research shows how economies should move from the current linear take, make, use, dispose practice to reuse and longer product life. It shows how current business models change and what principles are used to develop a circular economy. It examines the circular approaches based on the 3-R principle: Reduce: reduce resource use and prioritize renewable materials; Reuse: make the most of the products; Recycle: recover by-products and waste for further use in the economy. The research shows how seven key tools of the circular economy may be applied. It reveals the international experience in implementing the circular economy principles. The research describes the benefits that the transition to a circular economy brings. It analyses major circular economy barriers, such as financial, social, and technical. The research distinguishes the benefits of a circular economy. They include a decrease in costs, a cleaner and safer environment, sensitive use of natural resources, new job creation, reducing dependence on imports. This research presents the examples of Norrköping Industrial Symbiosis Network in Sweden, Latvia’s circularity business models.

Circular Economy and Circular Business Models in the Actual Global Ecological Context

2020 ◽  
pp. 178-197
Author(s):  
Dana Maria (Oprea) Constantin ◽  
Sorinel Căpușneanu ◽  
Dan Ioan Topor ◽  
Hassan Danial Aslam
Keyword(s):  
Sustainable Development ◽  
Circular Economy ◽  
Business Models ◽  
Future Research ◽  
Successful Implementation ◽  
Ecological Context ◽  
The Sustainable Development ◽  
Theoretical Approaches ◽  
The Difference ◽  
The Impact

This chapter aims to synthesize some of the current issues of the circular economy and circular business models. Based on the international literature, the chapter highlights aspects such as the conceptual theoretical approaches of the circular economy and circular business models, interconnecting the principles of the circular economy, the difference between the linear and the circular economy, the circular economy and the sustainable development, the supply chain within the circular economy, possible business models of the circular economy, advantages and limitations in the successful implementation of the circular economy and supporting sustainability, other aspects of the circular economy and sustainability. The covered topics are based on the studies conducted by specialists and also present some author opinions on the sustainable development and circular economy. The chapter ends with the authors' conclusions on the impact of the circular economy and circular business models in the actual ecological context, launching possible future research topics for specialists.

Sustainable Development of Largest Cities and Megalopolises: a Factor of Ecosystem Services

2016 ◽  
Vol 2016 (6) ◽  
pp. 3-21
Author(s):  
Sergey Bobylev ◽  
Boris Porfiriev
Keyword(s):  
Sustainable Development ◽  
Ecosystem Services ◽  
Development Strategy ◽  
Global Climate ◽  
The Sustainable Development ◽  
Long Run ◽  
Development Goals ◽  
Urban Problems ◽  
The Relationship

Development strategy of the world's largest cities in recent years "turned green" substantially and include as priority the maintenance of the quality of the environment and reduce the risks posed by global climate change. The article analyzes the Sustainable Development Goals of the United Nations (2016-2030) from the standpoint of sustainability and quality of life of communities, primarily in the big cities. Proceeding from these positions the authors consider the relationship and interaction between different Goals, targets and indicators for their implementation. Particular attention is paid to international indices of city prosperity and cities outlook, the global cities index. Constructive methodological and instrumental basis for solving urban problems is the concept of ecosystem services and payments for these services. The largest cities and megalopolises should be prioritized and pioneer objects in the system of payments for ecosystem services or compensation for the loss of the quality of these services, which eventually should become nationwide and provide a sustainable long-run development of the country.

scholarly journals The economics of COVID-19: initial empirical evidence on how family firms in five European countries cope with the corona crisis

2020 ◽  
Vol 26 (5) ◽  
pp. 1067-1092 ◽  
Author(s):  
Sascha Kraus ◽  
Thomas Clauss ◽  
Matthias Breier ◽  
Johanna Gast ◽  
Alessandro Zardini ◽  
...  
Keyword(s):  
Empirical Study ◽  
Cultural Change ◽  
Business Models ◽  
Family Firms ◽  
European Countries ◽  
Structured Interviews ◽  
Content Type ◽  
Long Run ◽  
Short Period ◽  
Novel Coronavirus

PurposeWithin a very short period of time, the worldwide pandemic triggered by the novel coronavirus has not only claimed numerous lives but also caused severe limitations to daily private as well as business life. Just about every company has been affected in one way or another. This first empirical study on the effects of the COVID-19 crisis on family firms allows initial conclusions to be drawn about family firm crisis management.Design/methodology/approachExploratory qualitative research design based on 27 semi-structured interviews with key informants of family firms of all sizes in five Western European countries that are in different stages of the crisis.FindingsThe COVID-19 crisis represents a new type and quality of challenge for companies. These companies are applying measures that can be assigned to three different strategies to adapt to the crisis in the short term and emerge from it stronger in the long run. Our findings show how companies in all industries and of all sizes adapt their business models to changing environmental conditions within a short period of time. Finally, the findings also show that the crisis is bringing about a significant yet unintended cultural change. On the one hand, a stronger solidarity and cohesion within the company was observed, while on the other hand, the crisis has led to a tentative digitalization.Originality/valueTo the knowledge of the authors, this is the first empirical study in the management realm on the impacts of COVID-19 on (family) firms. It provides cross-national evidence of family firms' current reactions to the crisis.

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