Original scientific paper
https://doi.org/10.1080/1331677X.2021.1997623
Models for analysing the dependencies between indicators for bioeconomy in the European Union
Alina Mihaela Dima
Adrian Tantau
Maria Alexandra Maassen
Abstract
In the past decade, bioeconomy has become a main field of interest, especially in terms of innovation, as it was often considered a
potential solution to several global sustainability issues, such as
environmental challenges. Through the conversion of biomass
into value-added products for a full reintegration of used renewable biological resources, this sector has played a significant role
in the efforts to transfer from petroleum-based economies to biobased economies. The present article has the objective of developing panel regression models for determining the dependency
between some of the main indicators of the bioeconomy development and sustainability for the European Union in the period
2008–2013. One main interesting finding of the study emphasised
that higher gas emissions from agriculture are associated positively with higher turnover in the bioeconomy, implying the fact
that the development of the bioeconomy is surprisingly not
necessarily associated with sustainability. The relevance of the
present study lies in the novelty of the subject, as bioeconomy
was mainly researched in terms of theoretical knowledge, but less
in terms of statistical analysis. Thus, the article offers a comprehensive research regarding the connection of the bioeconomy
quantifying indicators and other selected economic influence factors of the European Union.
Keywords
Bioeconomy; biomass; biotechnology; sustainability; innovation
Hrčak ID:
302611
URI
Publication date:
31.3.2023.
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