Towards a circular economy: An emerging economies context

Nitin Patwa, Uthayasankar Sivarajah, Arumugam Seetharaman, Sabyasachi Sarkar, Kausik Maiti and Kunal Hingorani

Journal of Business Research, 2021, vol. 122, issue C, 725-735

Abstract: Circular Economy (CE) and the adoption of its principles globally are more important than ever to sustain the rate of production of goods and services to meet the ever-increasing consumer demand that is burdening the environment and society. This study investigates the adoption of CE principles amongst emerging economies as the challenges faced by these economies are generally different in terms of resource availability, varying government policies and consumer behaviour from those of developed economies. This research presents an empirically validated CE adoption model using a sample of 183 consumer responses. The study highlights the strong influence of factors such as consumer behaviour on the acceptance of remanufactured products and using products as a service to encourage the adoption of CE practices in emerging economies. This research offers businesses, consumers and policy makers insights into measures that have been taken by emerging economies that are in line with CE principles.

Keywords: Circular economy; Emerging Economy; 3R (Reduce/Reuse/Recycle); Extended life cycle; Ecological balance; Consumer behaviour (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:122:y:2021:i:c:p:725-735

DOI: 10.1016/j.jbusres.2020.05.015

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