Unequal Gains from Circular Economy Adoption: Firm-Size Heterogeneity in Cost Effects across Europe
This study utilizes firm-level data from 27 European countries to demonstrate that while Circular Economy adoption generally reduces production costs, the specific benefits vary by firm size, with large firms achieving the highest overall probability of cost reduction and micro firms gaining the most from each additional practice, all following a concave dose-response pattern where early, low-cost actions yield the largest returns.