Criterial Description of the Measurement of the Circular Bioeconomy

Abstract

With the implementation of the European Green Deal, the circular bioeconomy model is gaining in relevance as well as the concept of circular bioeconomy, which promotes a renewed economic approach to conducting economic activity. The transition of a socio-economic system from one qualitative state to another, causes the need to measure dynamic changes and establish progressive factors towards the formation of a circular business environment. The objective of the study is to monitor the measurement system of the circular bioeconomy and to outline criterial limitations and relevant indicators based on the defined characteristics. The methodological basis of the study consists of the methods of empirical and theoretical level, particularly the historical, abstract-logical, descriptive, comparative methods, method of observation and formalisation, theoretical generalisation, etc. In the process of scientific research, it was possible to carry out comprehensive monitoring of scientific developments of foreign and Ukrainian scientists and to establish existing methodological approaches to assessing the circular bioeconomy. A review of the literature provided an opportunity to identify key structural components that are within the sectoral space and targets that have a complementary relationship with the three-dimensional sustainable development. Sectoral segmentation and target gradation by circular orientation and bioeconomic manifestation allowed to form a system of indicators for measuring the circular bioeconomy according to the established criteria. The practical value of the study consists in the scientific substantiation of the criterial characteristics of the measurement of the circular bioeconomy and the establishment of a system of indicators with relevant limitations