IMPLEMENTATION OF THE CIRCULAR ECONOMY MODEL IN THE AGRICULTURAL SECTOR OF UKRAINE

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Published: May 23, 2023

  Olga Litvak

  Serhiy Litvak

Abstract

The urgency of studying the issues of the development of the circular economy in the agro-industrial complex is caused by the demand for national and international food security, the importance of preserving the environment in conditions of irrational environmental management, the need to harmonise the economic, ecological and social spheres of human activity involved in the production, sale and consumption of agricultural products. The purpose of the study is to justify a comprehensive approach to the implementation of the circular economy model in the agro-industrial complex, in the context of ensuring food independence, economic security of the country and achieving the goals of sustainable development. In the course of the research the general scientific methods of analysis and synthesis, statistical methods (comparison, analysis of absolute and relative values) and graphical methods were used in the evaluation of indicators of organic waste management of agricultural production, methods of a systematic approach – to justify a set of priority measures in the process of implementation of the model of circular economy in the agro-industrial complex. The information base for the research: legislative and regulatory acts; official materials of the State Statistical Service of Ukraine, the Ministry of Agrarian Policy and Food of Ukraine. Based on the results of the research, a comprehensive approach to the implementation of the principles of circular economy in the agro-industrial complex was formed. The key factor is an effective public policy capable of ensuring high rates of development of innovative resource-saving technologies and the introduction of circular business models. State activity includes the development of tax, credit and pricing policies to stimulate the implementation of circular economy principles. It is important to develop and approve strategic plans, legislative and regulatory acts that regulate activities in the field of circular economy and are adapted to the standards and norms of the legislation of the European Union. The activities of agricultural enterprises should be directed towards cooperation with scientific and educational institutions in order to solve the problems of introducing innovations and improving the qualifications of employees, technical and technological modernisation, establishing partnership relations with investors, raw material suppliers and local self-government bodies. Ultimately, the implementation of these measures will contribute to the growth of the competitiveness of the domestic agricultural sector, the growth of investment attractiveness and the preservation of the environment.

How to Cite

Litvak, O., & Litvak, S. (2023). IMPLEMENTATION OF THE CIRCULAR ECONOMY MODEL IN THE AGRICULTURAL SECTOR OF UKRAINE. Baltic Journal of Economic Studies, 9(2), 146-156. https://doi.org/10.30525/2256-0742/2023-9-2-146-156
Article views: 488 | PDF Downloads: 276

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Keywords

circular economy, closed loops, agricultural production, organic waste, business models, food security

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