The Efficiency of Circular Economies: A Comparison of Visegrád Group Countries

Indicators for a circular economy in a regional context: an approach based on Wielkopolska region, Poland

In recent years, the European Commission has made a significant commitment to transition to a circular economy (CE). At the same time, tracking progress in CE implementation remains a major challenge, especially at the regional level. In this context, a set of CE indicators has been proposed for key areas of a selected region of Poland - Wielkopolska, as an area promoting a holistic approach to development through the CE concept. The available scientific literature and key national and regional policies were reviewed. In addition, a desk-research analysis of 22 CE strategic documents of European regions was performed. Applying the aforementioned methods and expert interviews, a set of key 93 indicators was selected within the province's dominant industries, such as agri-food, industrial processing, mobility and transport, construction and energy. Also, focus was paid to the socio-innovation area. The proposed framework for tracking CE development allows adequate capture of CE's effects at the regional level. They also provide recommendations for creating monitoring in regions with similar economic profiles.

Assessment of national circular economy performance using super-efficiency dual data envelopment analysis and Malmquist productivity index: Case study of 27 European countries

The global commitment toward carbon neutrality and net zero emissions has substantially pressed the needs for all countries to accelerate the adoption of the circular economy paradigm. Tracking the national progress in terms of circular economy performance would provide valuable insights that could aid the effective design of improvement strategies toward sustainability. The current research proposes the combination of super-efficiency dual Data Envelopment Analysis and Malmquist productivity index to provide a full ranking and measure productivity changes in terms of circular economy of 27 European countries. The assessment involved six circular economy indicators encompassing waste generation per capita, waste intensity of the economy, recycling rate of waste in both overall and specific types of waste, i.e., packaging waste and biowaste, and circular material use rate. Our study indicates about one-half of the European countries were efficient in terms of circularity in 2018, where Netherlands, Germany, Austria, and Belgium were the front runner. The proposed approach suggests the European countries enhance their overall circular economy performance by prioritizing improvements strategies through promoting the recycling of biowaste and the circular material use rate. The MPI results over 2012-2018 indicate that Luxembourg exhibited the highest circularity advancement by 6%. Overall, the European countries have slightly enhanced their progression towards circular economy around 0.2% improvement. This suggests the European countries strengthen their policy and regulatory frameworks in support of the transition towards circular economy and encourage progressive movements in such a collaborative manner with the relevant stakeholders to build the momentum for change.

Renaissance of Creative Accounting Due to the Pandemic: New Patterns Explored by Correspondence Analysis

The COVID-19 outbreak has rapidly affected global economies and the parties involved. There was a need to ensure the sustainability of corporate finance and avoid bankruptcy. The reactions of individuals were not routine, but covered a wide range of approaches to surviving the crisis. A creative way of accounting was also adopted. This study is primarily concerned with the behavior of businesses in the Visegrad Four countries between 2019 and 2021. The pandemic era was the driving force behind the renaissance of manipulation. Thus, the purpose of the article is to explore how the behavior of enterprises changed during the ongoing pandemic. The Beneish model was applied to reveal creative manipulation in the analyzed samples. Its M-score was calculated for 6113 Slovak, 153 Czech, 585 Polish, and 155 Hungarian enterprises. Increasing numbers of handling enterprises were confirmed in the V4 region. The dependency between the size of the enterprise and the occurrence of creative accounting was also proven. However, the structure of manipulators has been changing. Correspondence analysis specifically showed behavioral changes over time. Correspondence maps demonstrate which enterprises already used creative accounting before the pandemic in 2019. Then, it was noted that enterprises were influenced to modify their patterns in 2020 and 2021. The coronavirus pandemic had a significant potency on the use of creative accounting, not only for individual units, but for businesses of all sizes. In addition, the methodology may be applied for the investigation of individual sectors post-COVID.

Evaluating the Transition of the European Union Member States towards a Circular Economy

This paper presents the assessment of the European Union member states in terms of the circular economy (CE) targets, using a combination of the Data Envelopment Analysis (DEA) method and factor analysis. This approach fills in the existing knowledge gap by providing an innovative methodology of an objectivised comparative evaluation of the degree of implementation of the CE principles by the EU countries. Assessing countries’ performance in achieving the goals of the circular economy is a challenge due to the lack of a generally accepted methodology, the multitude of indicators, and the insufficient data. Countries may be compared in a narrow way, according to single indicators, but a more holistic synthetic assessment of countries is also needed to determine their position against each other. In such cases, DEA may be successfully used. The study resulted in the identification of two clusters of countries with similar profiles of relative efficiency in the CE goals’ implementation. It was concluded that the position of a particular country in achieving the CE aims was strongly correlated its GDP per capita. Moreover, factor analysis showed that many CE indicators are strongly correlated with each other and may be aggregated into five meta-indicators (factors): Recycling rate of general waste, Waste production, Jobs and investments, Recycling rate of special waste, and Circular material use rate. In addition to simple rankings and indication of benchmarks, the article offers a novel concept of technology competitors which was used to group units competing for positions in the ranking.

Circular economy and zero-carbon strategies between Japan and South Korea: A comparative study

The global population is increasing, as is the demand for basic materials. At the same time, key resources are in short supply, and the extraction and use of raw materials have major environmental implications, for instance, increased CO₂ emission. In a Circular Economy (CE), resources and products are divided, leased, reused, repaired, refurbished, and recycled, extending product life cycles, reducing waste, and generating additional value. Government entities in Japan and South Korea are designing and implementing policies to facilitate the transition to a CE and achieve carbon neutrality. The paper compares Japanese policies and actions with those of South Korea, identifies challenges and options for improvements in each country, and lessons that they can share. The paper reviews CE and low carbon policies in the two countries and compares how those, but also public interest and initiatives differ between them. It provides recommendations to address observed shortcomings and capture opportunities to connect CE and zero-carbon strategies. The article is expected to interest Japanese and South Korean policy-makers, companies, and academics.

Tracing Relationship between Cluster’s Performance and Transition to the Circular Economy

Clusters are defined as geographically close groups of organizations that work together to gain a competitive advantage. Clusters’ shared activities involve knowledge sharing, a common pool of resources, innovations, and cooperation. From a more advanced perspective, clusters can work in industrial symbiosis sharing resources, energy, water, and other products. Tendencies of recent research indicate the growing interest in shifting to an efficient use of resources and sustainable development through the circular economy (CE). Clusters can work as enablers of CE to achieve a competitive advantage. The purpose of this study is to trace the relationships between cluster performance and shifting to the CE indicators. Correlation analysis was used as a method to indicate the relationships between pairs of clusters’ performance and shifting to the CE indicators. The limitations of the research refer to the selection of the indicators as both concepts gain insights, although still debatable. The results show that 16 out of 25 cluster performance indicators were identified that have strong or moderate relationships among pairs while shifting to the CE indicators. These indicators are recommended to be included in observation, benchmarking, or evaluation of the clusters’ activities. They can be significant in monitoring the development of shifting to the CE or in combinations with other research areas.

Sustainable Development According to the Opinions of Polish Experts

The idea of sustainability has been exerting an impact on public awareness for nearly five decades. However, representatives of various sciences interpret it in many different ways, and there were several hundred definitions of it already at the end of the 20th century. There is no doubt that a proper understanding of the essence and meaning of sustainable development by opinion leaders representing various scientific disciplines determines transformations in particular sectors of the economy, especially in the energy sector. Economics, which considers the relationship between the economy and the environment, seems to have a special role with regard to this issue. Models and concepts of managing limited environmental resources are considered based on this science. Thus, economists have a kind of greater responsibility for the shape and direction of development, and especially for whether it will be durable and balanced. With these issues in mind, the aim of this paper is to review and systematize the opinions of Polish experts on the concept of sustainable development and to indicate the most important parameters that define it. The paper presents the results of an opinion survey of 105 experts affiliated with a wide variety of institutions. Respondents represented economic, technical, social, and natural sciences.

Application of Mathematical Models to Assess the Impact of the COVID-19 Pandemic on Logistics Businesses and Recovery Solutions for Sustainable Development

The logistics industry can be considered as the economic lifeline of each country because of its role in connecting production and business activities of enterprises and promoting socio-economic development between regions and countries. However, the COVID-19 pandemic, which began at the end of 2019, has seriously affected the global supply chain, causing heavy impacts on the logistics service sector. In this study, the authors used the Malmquist productivity index to assess the impact of the pandemic on logistics businesses in Vietnam. Moreover, the authors used a super-slack-based model to find strategic alliance partners for enterprises. The authors also used the Grey forecasting model to forecast the business situation for enterprises during the period 2021–2024, in order to provide the leaders of these enterprises with a complete picture of their partners as a solid basis for making decisions to implement alliances that will help logistics enterprises in Vietnam to develop sustainably. The results have found that the alliance between LO7 and LO10 is the most optimal, as this alliance can exploit freight in the opposite direction and reduce logistics costs, creating better competitiveness for businesses.

Clustering of EU Countries by the Level of Circular Economy: An Object-Oriented Approach

In order to effectively regulate the circular economy (CE) at the national and international levels, it is essential to have a unified and informative system of indicators for monitoring the progress in the CE. The lack of standard indicators for measuring the progress of cyclicality leads to contradictions and misunderstandings, which is a problem for the implementation of CE strategies. This paper aims to adapt dynamic clustering approaches to solving strategic management problems of circular production and consumption processes. To achieve this goal, the authors performed the following tasks: (1) tested clustering algorithms by ranking EU countries by the level of development of the circular economy; (2) identified the approach that allows the best classification of EU countries, considering changes in the indicators of the level of CE development in 2000–2019 (dynamic classification); (3) developed a software module using python libraries to classify and visualize the results. The results illustrate that the k-means algorithm has a good discriminatory ability in division of all countries of the training sample (EU countries) into several clusters with different dynamics in the development of the CE. The best quality of classification is obtained by the indicator “Generation of municipal waste per capita”; satisfactory quality of the classification is obtained by the indicator “Generation of waste excluding major mineral wastes per GDP unit”. The study results demonstrate the fundamental applicability of the object-oriented and classical statistical approach to solving strategic management problems of the CE and their potential effectiveness in terms of the clarity and information content of reflecting cyclical processes.

What Solutions for Waste Management? Issues of Flows and Governance Exemplified by the Łódź Agglomeration (Poland)

This article seeks to propose a waste-management model based on qualitative and quantitative research. Specifically, an analysis of the flow of municipal waste was carried out, with the case involved being that of the biodegradable waste generated in households of Poland’s Łódź Metropolitan Area, which is heterogeneous from the points of view of both settlement structure and land use. The analysis of flows of waste then served an evaluation of the system of waste management in the study area, while also representing an important input into a process of identification of problems and possible solutions via so-called PULL (“Peri-Urban Living Lab”) workshop methodology. Indeed, the research detailed here was participatory throughout (from the stages of problem identification through to conclusion-drawing). All of these stages to the work were kept cohesive through the use of an advanced tool allowing for both analysis of the given area and the devising of strategies by which circular economy could be developed. Specifically, GDSE (GeoDesign Decision Support Environment) programming—devised within the framework of the REPAiR Project—offered opportunities for flows of different kinds of materials and raw materials across space to be identified. It also served in the implementation of Eco-innovative solutions (EIS), as were developed jointly in cooperation with participants of the PULL workshops. The article offers a synthetic presentation of the results of different stages to the research, along with a synthesis relating to the waste-management context, with particular account taken of the development of the circular economy.

Opinion of the Hungarian Population on the Reform of Beverage Packaging Deposit-Refund System

The research subject is the deposit-refund system of beverage packaging (PET, glass and aluminium) in Hungary, which is under development. For the success of the planned system, it is important to consider the population’s opinion. Therefore, data from a primary questionnaire survey were used for the analyses. This questionnaire was conducted in 2020 and resulted in an evaluable sample of 20,430 people. The study aims to answer the following research questions (Q). Q1. Does the reform of the beverage packaging deposit-refund system in Hungary have a raison d’être? Q2. What are the demographic characteristics (gender, type of residence, qualification) of those who would redeem beverage packaging in their households if the state paid for it? Q3. Do the demographic characteristics and/or the environmental attitudes of individuals significantly influence their perceptions of the planned new system, and how strong is the relationship between them? As for the method for answering the research questions, descriptive statistics and relationship analyses (Cramer’s V and Kendall’s tau) were applied to the closed answers. The results show that the analysis of the primary research provides well-determined directions for legislators and decision makers who develop the detailed operating rules of the new system.

Renewable Energy Producers’ Strategies in the Visegrád Group Countries

Companies that belong to the energy sector can use Sustainable Development Goals (SDGs) for their strategies and diversify electrical energy production with reverence to the natural environment. This article aims to analyze sustainability strategy types among the Visegrád Group (V4) countries’ energy producers, who decided to generate electrical energy from the renewable resources. This research uses an inductive inference approach supported by a literature study and deductive reasoning supported by a statistical reference method. The main finding is that the energy producers from the V4 group have a common direction of evolution in their strategies. This change is based on a growing share of renewable energy sources to achieve environmental excellence strategies. The lack of renewable energy sector organizations’ strategies translates into disappointment with the goals pursued by these organizations. The significance of this study lies in an explanation of how sustainability strategies compare at a firm and country-level in a proposed classification. The analysis can open future research areas to examine development of strategies in the renewable energy sector.

Managerial Energy in Sustainable Enterprises: Organizational Wisdom Approach

The circular economy (CE) as an idea involves applying the concept of sustainable development that has been gaining worldwide support. This shift in perception of energy and resource-use from its linear to circular forms creates a specific business environment, which constitutes the subject of this research. This article aims to analyze the impact of a manager’s energy on organizational wisdom, focusing on its circular business model activity. In the beginning, the article focuses on presenting ideas of the circular economy, emphasizing the manager’s activity in implementing strategic and operational tasks. These activities are identified as energy to launch mechanisms for developing organizational wisdom for sustainable enterprise. Assuming that organizational wisdom consists of two dimensions, organizational learning, and absorptive capacity, the research identifies relationships between them. The study was conducted at VIVE Textile Recycling Ltd., (Kielce, Poland). Empirical data were collected from 138 managers using the PAPI technique. Regression analysis and structural equation modeling (SEM) were applied to test the research hypotheses. Main results: Managerial energy (ME) is understood as the active attitude of managers who use knowledge from their environments to achieve goals both in the operational and strategic areas. Being an activating force for sustainable enterprise, ME is viewed as the antecedent to the development of enterprises operating in the CE model. ME directly activates the process of developing organizational wisdom in the area of absorptive capacity (AC) at the stages of assimilation, transformation, and exploitation. The transfer of knowledge from the individual to the organizational level (acquisition) requires a mediator, which is in this case the process of organizational learning (OL).