A Performance Analysis in Circular Economy for selected EU Countries

Abstract

The circular economy is a highly important contributor to the environment and economic growth. Therefore, countries attach great importance to this issue in order to balance environmental protection and economic growth. In this study, we aim to evaluate the circular economy performance of the developed EU countries via an MCDM approach. We employ an integrated approach. Initially, we use an objecting weighting method namely the Shannon entropy method for weight criteria. Secondly, we use the MABAC method to rank alternatives. As per analysis results, Germany is found as the best-performing country in terms of circular economy performance. We may conclude that MCDM methods are feasible alternatives to evaluate circular economy performance.