An Assessment Approach to Circular Business Models within an Industrial Ecosystem for Sustainable Territorial Development

Leyla Gamidullaeva, Nadezhda Shmeleva, Tatyana Tolstykh and Alexey Shmatko
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Leyla Gamidullaeva: Department of Management and Economic Security, Penza State University, 440026 Penza, Russia
Nadezhda Shmeleva: Department of Economics, National University of Science & Technology (MISIS), 119049 Moscow, Russia
Tatyana Tolstykh: Department of Industrial Strategy, National University of Science & Technology (MISIS), 119049 Moscow, Russia
Alexey Shmatko: Institute for Regional Economic Studies, Russian Academy of Sciences, 190013 Saint Petersburg, Russia

Sustainability, 2022, vol. 14, issue 2, 1-18

Abstract: In this work, the authors have made an attempt to develop a methodological approach to substantiate the socio-economic efficiency of enterprise performance within an industrial ecosystem in the context of a circular economy. The proposed approach has been verified via a case study of the industrial ecosystem in Novokuznetsk city. Based on the calculations, it has been evidenced that the creation of an industrial ecosystem in the region where the city is located would eliminate area sources of pollution and improve the quality of life of the population, which would advance regional sustainable development and strengthen territorial attractiveness for citizens. Thus, having used the proposed methodology, the prospects for the implementation of circular business models by enterprises in order to increase the efficiency of resource use and balanced and sustainable economic development of a territory have been substantiated. The transition to a circular economy can support the creation of favorable environmental conditions and increase the local community resilience, well-being, and quality of life.

Keywords: sustainable development; regional development; industrial ecosystem; urban ecosystem; circular economy; cluster (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:2:p:704-:d:720827

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