Contemporary chellenges of the circular economy.
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Purpose: The purpose of this study was to identify the current challenges and conditions for circular economy (CE) development, overcoming which would enable the transformation of the linear economy into CE. The empirical part assesses the level of CE development in EU countries using a synthetic index. Design/methodology/approach: The study used statistical data from EUROSTAT. A synthetic taxonomic index was proposed to assess the level of development of CE in EU countries using the taxonomic linear ordering method, taxonomic classification. Findings: The study identifies economic, social, technological, and political challenges that condition the transformation of the modern economy towards CE. The results showed that Luxembourg had the highest level of the examined index, followed by Belgium, Italy, Austria, and the Netherlands. Relatively low levels of CE development were observed in Greece, Romania, Bulgaria, and Cyprus. This indicates a significant spatial disparity in the level of CE development across EU countries. Research limitations/implications: The research identified challenges related to the availability of statistical data on CE at the EU country level in public statistics, which posed a limitation for this study. Future research directions could include the analysis and evaluation of spatial disparities in CE development within individual countries. Practical implications: The study indicates desirable actions to support the adoption of the CE, providing recommendations for public policy initiatives. Social implications: This research contributes to expanding knowledge about CE. It can serve as a source of information for businesses and society regarding the conditions for transforming the linear economy into a circular one. Originality/value: The study found that financial support for circular enterprises, changes in the way products are produced and consumed, shaping demand for circular enterprises' products and services, efforts to develop an explicit legal framework for circular enterprises, and access to modern digital technologies are key to transforming the economy towards increasing circularity. The study also proposes a synthetic index for assessing the level of CE development in EU countries
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Rekord utworzony: | 15 września 2025 09:21 |
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Ostatnia aktualizacja: | 15 września 2025 09:23 |