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Bio-Economy Development in Romania

Author

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  • Irina Chiriac

    (“Alexandru Ioan Cuza†University of Iaşi)

Abstract

The global crisis defined by the crisis of energy, ecology and the biosphere, and the environment requires solving the economic problem, satisfying a growing set of needs, given the limited and insufficient resources. Bioeconomy should be the bases for all economic activities and unlimited economic growth must be compatible with the fundamental laws of nature. The research aim is to emphasize the benefits of the dynamics of the intellectual capital on the evolution of the bioeconomy. In the analysis is used multiple regression to study the established link between bio economy and a number of factors that may measure the intellectual capital, such as: Market Capitalization of Bitcoin, Patent applications and the Turnover from Innovation at Romanian level. The research concludes that bioeconomy is influenced most by the number of Patent applications to the European Patent Office. The progress of bio-economy cannot be achieved without the harness of intellectual capital.

Suggested Citation

  • Irina Chiriac, 2019. "Bio-Economy Development in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 75-82, August.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:75-82
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    References listed on IDEAS

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    5. Jelena Djordjevic Boljanovic & Gordana Dobrijevic & Slobodan Cerovic & Slavko Alcakovic & Filip Djokovic, 2018. "Knowledge-Based Bioeconomy: The Use of Intellectual Capital in Food Industry of Serbia," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(49), pages 717-717, August.
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    Cited by:

    1. Tiberiu Cristian Avrămescu, 2020. "The Current State of Bioeconomy in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 113-120, August.

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    More about this item

    Keywords

    Market Capitalization of Bitcoin; Patent applications listed by European Patent Office; Turnover from Innovation; Energy intensity of economy;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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