Bìznes Inform (Sep 2021)
A System of Indicators for Evaluating the Efficiency of Circular Economy Strategies in the Agrarian Sector
Abstract
The increased interest in the conception of circular economy is caused by predictable advantages in the context of sustainable development. However, the generally accepted monitoring system does not exist, and the scientific world relies on a significant number of approaches to measuring the efficiency of circular economy strategies. This is caused by the introduction of circular economy principles at the level of current regulations in the policy of China, Africa, the European Union and the United States. Accordingly, the studied list of indicators that allow to evaluate its efficiency is quite wide and takes into account the development peculiarities of both economy and its sectors. Of particular interest to this study is the agrarian sector. The analysis of scientific papers allowed to distinguish in the agricultural sector strategies for narrowing, closure and recovery of resource cycles, the evaluation of which requires appropriate indicator systems in the context of various dimensions of sustainable development. Efficient strategies of circular economy in agriculture can potentially include a set of indicators that are able to assess the level of impact of production on the environment, take into account social aspects, determine the level of informatization, material capacity and energy capacity of products. As a result of the research, an overview of the existing systems of indicators of circular economy in the agrarian sector was carried out, which were divided according to strategies for narrowing, closure and recovery of resource cycles in the context of technical, ecological, economic and social dimensions of sustainability. Further researches are related to the review of existing business models of agricultural enterprises, referred to the indicators based on circular economy strategies and measurements of sustainable development.
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