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June 6, 2020Journal of Business Research518 citationsOpen Access

Towards a circular economy: An emerging economies context

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NPNitin PatwaUSUthayasankar SivarajahASA. Seetharaman

Key Points

  • This research aims to explore how emerging economies adopt circular economy principles amidst unique challenges.
  • Empirical validation of a circular economy adoption model
  • Sample of 183 consumer responses
  • Analysis of factors influencing acceptance of remanufactured products
  • Consumer behaviour significantly influences the acceptance of remanufactured products
  • Emerging economies face unique challenges compared to developed ones
  • Insights provided for businesses, consumers, and policy makers on circular economy strategies

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.

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Cite This Study

Patwa et al. (2020) studied this question.

synapsesocial.com/papers/6a0061abf9e1acab462d6e85https://doi.org/10.1016/j.jbusres.2020.05.015
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