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

Kristina Razminienė, Irina Vinogradova-Zinkevič and Manuela Tvaronavičienė
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Kristina Razminienė: Department of Economics Engineering, Vilnius Gediminas Technical University, Saulėtekis av. 11, 10223 Vilnius, Lithuania
Irina Vinogradova-Zinkevič: Department of Information Technologies, Vilnius Gediminas Technical University, Saulėtekis av. 11, 10223 Vilnius, Lithuania
Manuela Tvaronavičienė: Department of Business Technologies and Entrepreneurship, Vilnius Gediminas Technical University, Saulėtekis av. 11, 10223 Vilnius, Lithuania

Sustainability, 2021, vol. 13, issue 24, 1-15

Abstract: 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.

Keywords: cluster; circular economy; sustainable development; correlation; indicators; competitiveness; relationships (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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