Factors Affecting the Transition to a Circular Economy Model in Banana Cultivation
Abstract
Adoption of circular economic models is a popular trend in the world and in Vietnam, especially in the agricultural sector, towards sustainable agriculture. To enhance the transition to a circular economy (CE) model in agriculture, this study focuses on identifying and analyzing factors affecting the level of readiness to transition to a circular economy model in banana cultivation of farm households by using quantitative methods of Exploratory Factor Analysis (EFA), Confirm Factor Analysis (CFA), and Structural Equation Modeling (SEM) Analysis. In contrast to many previous studies, this study approaches the issue of the transition to a circular economy from the perspective of producers by surveying key information from 362 farming households and analyzing data through SPSS 26.0 and AMOS 24.0. The findings show that five influencing factors have a positive impact on farm households’ readiness to transition to a circular economy model, ranked from most important to least important: benefits that households receive when transitioning to CE; Awareness of CE; Household resources for CE; Policies on facilitating CE adoption, and attitudes towards CE adoption. The research model explains 56.3% of the variation in readiness to transition to a circular economy model. Based on these findings, recommendations are proposed to further enhance the transition of farm households by applying a circular economy model in agricultural cultivation.
Keywords: Vietnam; circular economy; banana cultivation; farm households; exploratory factor analysis; confirm factor analysis; structural equation modeling
DOI：10.62321/issn.1000-1298.2024.11.01
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