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2023, vol. 20, iss. 1, pp. 41-57
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Improving competitiveness and economic growth in the Republic of Serbia through the concept of circular economy
Unapređenje konkurentnosti i ekonomskog rasta u Republici Srbiji putem koncepta cirkularne ekonomije
aEducons University, Sremska Kamenica, Serbia bUniveristy of Niš, Faculty of Mechanical Engineering, Serbia cFaculty of Business Economics and Entrepreneurship, Belgrade
email: biljana.p85@gmail.com
Abstract
The circular economy is a closed circular system in which material and energy losses are converted into resources that may be used for alternative objectives. Inextricably connected with sustainable development, it is primarily concerned with reducing material and energy losses. The optimal course of action would be to eradicate these losses and repurpose materials. Therefore, biodegradable items are used and commodities are disposed, reused and recycled. The primary aim of this study is to examine the impact of energy generation and non-energy materials on the gross domestic product (GDP) of Serbia and other OECD member states. The objective is to ascertain which energy or material production sector is more significant in GDP to enhance competitiveness. The findings reveal the present state of economic growth and the areas that need improvement to foster more business competitiveness. The Adaptive Neural Fuzzy Inference System (ANFIS) as it is well-suited for statistical analysis of highly nonlinear data. The most significant determinant of GDP in Serbia is the proportion of domestic material consumption devoted to the consumption of non-metallic minerals. Among OECD members, however, metal consumption as a proportion of domestic total material consumption is the most significant predictor of GDP. Additionally, the findings indicate that the ideal combination for forecasting GDP using two parameters is the sum of non-energy material output and total municipal trash generation. The findings may exemplify optimal strategies for incorporating the circular economy principle into operations to enhance corporate competitiveness, mitigate energy and material waste, and minimize adverse environmental effects.
Sažetak
Cirkularna ekonomija predstavlja zatvoreni, kružni sistem u kom se materijalni i energetski gubiti pretvaraju u resurse koji se mogu koristiti za realizaciju alternativnih ciljeva. Neraskidivo povezana sa održivim razvojem, cirkularna ekonomija se prvenstveno bavi smanjenjem materijalni i energetskih gubitaka. Optimalan pravac delovanja bi se odnosio na eliminisanje ovih gubitaka i prenamenu materijala. Radi toga, koriste se biorazgradivi materijali, dok se proizvodi odlažu, ponovo koriste i recikliraju. Osnovni cilj ovog rada je istraživanje uticaja proizvodnje energije i neenergetskih materijala na vrednost bruto društvenog proizvoda Republike Srbije i drugih članica OECD. Svrha rada se odnosi na identifikovanje sektora, proizvodnje energije ili priozvodnje materijala, koji ostvaruje značajniji uticaj na vrednost BDP u cilju unapređenja konkurentnosti. Rezultati istraživanja ukazuju na trenutno stanje ekonomskog rasta, kao i na oblasti koje je potrebno unaprediti kako bi se podstakao rast poslovne konkurentnosti. Adaptivni nero fazi sistem zaključivanja je veoma pogodan za primenu na visoko nelinearnim podacima. Najznačajnija determinananta bruto društvenog proizvoda u Republici Srbiji jeste proporcija domaće potrošnje materijala namenjene potrošnji nemetalnih minerala. Među OECD članicama, potrošnja metala kao proporcija ukupne domaće potrošnje materijala je veoma značajan predictor bruto društvenog proizvoda. Pored toga, rezultati istraživanja ukazuju na to da je za prognoziranje vrednosti bruto društvenog proizvoda najbolje primeniti dva parametra, ukupnu vrednost proizvodnje neenergetskih materijala i ukupnu vrednost proizvodnje komunalnog otpada. Rezultati takođe mogu poslušiti pri konstruisanju optimalne strategije inkorporacije principa cirkularne ekonomije u aktivnostima unapređenja korporativne konkurentnosti, ublažavanja efekata energetskog i materijalnog otpada i minimiziranja negativnih uticaja na životnu sredinu.
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