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The Role of Institutions in Creating Circular Economy Pathways for Regional Development
KTH, School of Industrial Engineering and Management (ITM), Energy Technology, Energy Systems.ORCID iD: 0000-0003-0253-3380
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.).ORCID iD: 0000-0001-5912-441X
2021 (English)In: Journal of Environment and Development, ISSN 1070-4965, E-ISSN 1552-5465, no 2, p. 127-148, article id 107049652199187Article in journal (Refereed) Published
Abstract [en]

In the past decade, the circular economy has gained attention as a mechanism of transition toward a regenerative, low carbon, and resource-efficient society. As the history of previous radical transformations shows, successful transition toward the circular economy cannot take place without understanding the institutional features of industrial transformations. This article highlights the significance of institutions by placing the circular economy model in the context of the natural resource–based sector and discusses the importance of institutions in regional path development. The article identifies three institutional determinants of both endogenous and directed transformation toward the circular economy model in the regional context: (i) proximity of physical flows and assets, (ii) maturation and diversity of market networks, and (iii) inherent values and patterns of cooperation. This article offers a starting point for future studies of circular economy transitions and the role of institutions as en- abling, as well as at times obstructing transition environments.

Place, publisher, year, edition, pages
SAGE Publications , 2021. no 2, p. 127-148, article id 107049652199187
Keywords [en]
circular economy transition, institutions, natural resource–based sector, regional path development
National Category
Social Sciences
Identifiers
URN: urn:nbn:se:kth:diva-291805DOI: 10.1177/1070496521991876ISI: 000630795900001Scopus ID: 2-s2.0-85102730452OAI: oai:DiVA.org:kth-291805DiVA, id: diva2:1538619
Note

QC 20210802

Available from: 2021-03-19 Created: 2021-03-19 Last updated: 2022-06-25Bibliographically approved

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Publisher's full textScopushttps://journals.sagepub.com/doi/10.1177/1070496521991876

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Henrysson, MarynaNuur, Cali

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