Transforming power of research and development on inequality and well-being: a European Union perspective within the circular economy framework
Marinko Skare,
Beata Gavurova,
Martin Rigelsky
Abstract:To establish a “well-being economy” that prioritizes human and environmental welfare, understanding the relationship between income inequality, research and development (R&D) potential, and human development is crucial. This study delves into these relationships in European Union (EU) countries, focusing on the adoption levels of a circular economy (CE). Analyzing data from the 27 EU member countries spanning 2010 to 2020, a cluster analysis was utilized to categorize nations based on their CE adoption lev… Show more
“…This study focused on the SE, CE, and SDGs as lines of interest for academics in accounting for nonprofit management. It has investigated how CE improves the efficiency of products and resources by using a sustainability accounting approach, primarily in companies (Marco-Fondevila et al, 2021;Scarpellini, 2022;Stewart and Niero, 2018;Skare et al, 2024). Socioecological transition entails developing CE as an equitable economic model under a territorial approach; so, the role of SE enterprises may be relevant.…”
Section: Discussionmentioning
confidence: 99%
“…With a holistic focus on the conservation of resources and an orientation toward obtaining corporate performance, this study addresses CE, which has the potential to bring economic activities back within environmental boundaries (Garcia-Saravia Ortiz-de-Montellano and van der Meer, 2022;Scarpellini, 2022;Ahmad et al, 2023;Skare et al, 2024). The CE seeks to convert waste into new resources and make innovative changes in current production systems to encourage regeneration within a sustainable development framework (Chaves Ávila and Monzón Campos, 2018;Llena-Macarulla et al, 2023).…”
Section: Resourcesmentioning
confidence: 99%
“…The CE primarily pursues the creation and retention of environmental and economic values, and there is a clear complementarity between the CE and SE models. SE and circular models can in particular reinforce the positive social impact of circular activities and accelerate the transition to a CE that requires creative and innovative capacity, particularly at a local level, in order to close material loops in the CE through integrated business models focused on proximity to the place of use of the product or service (Villalba-Eguiluz et al, 2020;Ahmad et al, 2023;Matos et al, 2023;Skare et al, 2024). The possibility of merging approaches based on SE, social innovation, and social entrepreneurship with the ecological potential of CE for the social good has therefore been explored (Soufani et al, 2018).…”
Achieving sustainable development is today a basic premise for all companies and governments. The 2030 Agenda has outlined an action plan focused on all areas and interest groups. Achieving economic growth and technological progress, social development, peace, justice, environmental protection, inclusion and prosperity represent the main areas to achieve social change. Furthermore, the circular economy is capable of improving the efficiency of products and resources, and can contribute to this social change, but there is a gap in the literature regarding whether the orientation of the companies in their circular economy strategy can lead to the achievement of the sustainable development goals. The objective of this study is to develop an initial circular economy-sustainable development goals (CE-SDGs) framework that considers the circular economy as the precedent and sustainable development goals as a consequence of implementing a circular economy. With respect to the methodology, the literature linking the relationship between the circular economy and sustainable development goals was reviewed first. A Structural Equation Model with the Partial Least Squares technique was also employed, analyzing two complementary models in enterprises involved in the Social Economy in the Autonomous Community of Extremadura (Spain). Regarding the results obtained, a link has been observed between professional profiles and training in people-oriented activities. The same does not occur for activities oriented toward the planet. Moreover, the existence of corporate reports that obtain data on circular activities is crucial to achieving orientation toward the sustainable development goals, for activities oriented toward both people and the planet. Finally, the results confirm that the existence of barriers and incentives determines the observed results, being aware that the lack of specialized training in human resources always has a significant incidence. Using resource and capability and dynamic capabilities theories, this study contributes with an initial framework by joining two lines of research and analyzing the CE-SDGs link in SE enterprises. Future research and empirical validations could contribute more deeply to the literature. As key recommendations, social economy managers must be committed to introducing circular economy practices to achieve people- and planet-oriented objectives, being proactive in fostering CE-SDGs frameworks.
“…This study focused on the SE, CE, and SDGs as lines of interest for academics in accounting for nonprofit management. It has investigated how CE improves the efficiency of products and resources by using a sustainability accounting approach, primarily in companies (Marco-Fondevila et al, 2021;Scarpellini, 2022;Stewart and Niero, 2018;Skare et al, 2024). Socioecological transition entails developing CE as an equitable economic model under a territorial approach; so, the role of SE enterprises may be relevant.…”
Section: Discussionmentioning
confidence: 99%
“…With a holistic focus on the conservation of resources and an orientation toward obtaining corporate performance, this study addresses CE, which has the potential to bring economic activities back within environmental boundaries (Garcia-Saravia Ortiz-de-Montellano and van der Meer, 2022;Scarpellini, 2022;Ahmad et al, 2023;Skare et al, 2024). The CE seeks to convert waste into new resources and make innovative changes in current production systems to encourage regeneration within a sustainable development framework (Chaves Ávila and Monzón Campos, 2018;Llena-Macarulla et al, 2023).…”
Section: Resourcesmentioning
confidence: 99%
“…The CE primarily pursues the creation and retention of environmental and economic values, and there is a clear complementarity between the CE and SE models. SE and circular models can in particular reinforce the positive social impact of circular activities and accelerate the transition to a CE that requires creative and innovative capacity, particularly at a local level, in order to close material loops in the CE through integrated business models focused on proximity to the place of use of the product or service (Villalba-Eguiluz et al, 2020;Ahmad et al, 2023;Matos et al, 2023;Skare et al, 2024). The possibility of merging approaches based on SE, social innovation, and social entrepreneurship with the ecological potential of CE for the social good has therefore been explored (Soufani et al, 2018).…”
Achieving sustainable development is today a basic premise for all companies and governments. The 2030 Agenda has outlined an action plan focused on all areas and interest groups. Achieving economic growth and technological progress, social development, peace, justice, environmental protection, inclusion and prosperity represent the main areas to achieve social change. Furthermore, the circular economy is capable of improving the efficiency of products and resources, and can contribute to this social change, but there is a gap in the literature regarding whether the orientation of the companies in their circular economy strategy can lead to the achievement of the sustainable development goals. The objective of this study is to develop an initial circular economy-sustainable development goals (CE-SDGs) framework that considers the circular economy as the precedent and sustainable development goals as a consequence of implementing a circular economy. With respect to the methodology, the literature linking the relationship between the circular economy and sustainable development goals was reviewed first. A Structural Equation Model with the Partial Least Squares technique was also employed, analyzing two complementary models in enterprises involved in the Social Economy in the Autonomous Community of Extremadura (Spain). Regarding the results obtained, a link has been observed between professional profiles and training in people-oriented activities. The same does not occur for activities oriented toward the planet. Moreover, the existence of corporate reports that obtain data on circular activities is crucial to achieving orientation toward the sustainable development goals, for activities oriented toward both people and the planet. Finally, the results confirm that the existence of barriers and incentives determines the observed results, being aware that the lack of specialized training in human resources always has a significant incidence. Using resource and capability and dynamic capabilities theories, this study contributes with an initial framework by joining two lines of research and analyzing the CE-SDGs link in SE enterprises. Future research and empirical validations could contribute more deeply to the literature. As key recommendations, social economy managers must be committed to introducing circular economy practices to achieve people- and planet-oriented objectives, being proactive in fostering CE-SDGs frameworks.
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