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Bio economy’s institutional and policy framework for the sustainable development of nature´s ecosystems

Author

Listed:
  • José G. Vargas-Hernández

    (University Center for economic and Managerial Sciences, University of Guadalajara)

  • Karina Pallagst

    (Technische Universität Kaiserslautern, Germany)

  • Patricia Hammer

    (Technische Universität Kaiserslautern, Germany)

Abstract

This paper has the purpose to offer an institutional and policy framework for the analysis of bio economy implications of sustainable development of nature´s ecosystems. It begins reviewing the elements of bio economics to focus on the research trends methods to support the basic bio-economy method and methodology. Bio-economy is characterized by the creation and efficient use of natural and biological resources, raw materials and capabilities in sustainable infrastructures aimed for the bio production of goods, bio services, bio energy, bio health, etc. to achieve sustainable lifestyles, wealth and economic growth. Finally, this paper supports the argument that bio-economy indicates the limit of the socioeconomic activity for which a biological system could be used without destroying the necessary conditions for its regeneration and therefore its sustainability.

Suggested Citation

  • José G. Vargas-Hernández & Karina Pallagst & Patricia Hammer, 2017. "Bio economy’s institutional and policy framework for the sustainable development of nature´s ecosystems," Economia Coyuntural,Revista de temas de perspectivas y coyuntura, Instituto de Investigaciones Economicas y Sociales 'Jose Ortiz Mercado' (IIES-JOM), Facultad de Ciencias Economicas, Administrativas y Financieras, Universidad Autonoma Gabriel Rene Moreno, vol. 2(3), pages 51-104.
  • Handle: RePEc:grm:ecoyun:201712
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    References listed on IDEAS

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    More about this item

    Keywords

    Bioeconomy; institutional framework; policy framework; sustainable development; natural ecosystems.;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation

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