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What are Production Determinants of Bioeconomy?

Author

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  • Maciejczak, Mariusz

Abstract

The concept of bioeconomy focuses on clustering different socio-economic processes of both traditional and innovative sectors of economy that focus on the use of renewable resources, and by applying knowledge and innovative technologies, and delivering products and services that are important from private and public points of view. Such an approach requires utilization of resources that differ from classical economic classification of production factors. The paper argues that instead of land, labor, capital and entrepreneurship, from the bioeconomy point of view it is more important to look at: renewable resources such as biomass sources, investments in research and development activities and people engaged in such activities as well as innovations, which could be considered as production determinants. Based on the latest Eurostat data for the year 2011, the paper presents the state of these determinants in the European Union’s main bioeconomy sectors.

Suggested Citation

  • Maciejczak, Mariusz, 2015. "What are Production Determinants of Bioeconomy?," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 15(30), pages 1-10, December.
    • Handle: RePEc:ags:polpwa:230865
    DOI: 10.22004/ag.econ.230865
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    References listed on IDEAS

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    1. Burton G. Malkiel, 2003. "The Efficient Market Hypothesis and Its Critics," Working Papers 111, Princeton University, Department of Economics, Center for Economic Policy Studies..
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    4. repec:pri:cepsud:91malkiel is not listed on IDEAS
    5. Swinda F. Pfau & Janneke E. Hagens & Ben Dankbaar & Antoine J. M. Smits, 2014. "Visions of Sustainability in Bioeconomy Research," Sustainability, MDPI, vol. 6(3), pages 1-28, March.
    6. Burton G. Malkiel, 2003. "The Efficient Market Hypothesis and Its Critics," Working Papers 111, Princeton University, Department of Economics, Center for Economic Policy Studies..
    7. Chavas, Jean-Paul & Kim, Kwansoo, 2010. "Economies of diversification: A generalization and decomposition of economies of scope," International Journal of Production Economics, Elsevier, vol. 126(2), pages 229-235, August.
    8. Andrew B. Abel & N. Gregory Mankiw & Lawrence H. Summers & Richard J. Zeckhauser, 1989. "Assessing Dynamic Efficiency: Theory and Evidence," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 56(1), pages 1-19.
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    Citations

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    Cited by:

    1. Cristian Busu & Mihail Busu, 2019. "Economic Modeling in the Management of Transition to Bioeconomy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(50), pages 1-24, February.
    2. Orlykovskyi, Mykola & Wicki, Ludwik & Maciejczak, Mariusz & Galchynska, Yulia, 2016. "Rozwój biogospodarki opartej na wiedzy na Ukrainie – w kierunku systemu dyfuzji innowacji opartego o model poczwórnej helisy," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 16(31), pages 1-13, March.
    3. Marcelo Sili & Jochen Dürr, 2022. "Bioeconomic Entrepreneurship and Key Factors of Development: Lessons from Argentina," Sustainability, MDPI, vol. 14(4), pages 1-28, February.
    4. repec:aud:audfin:v:21:y:2019:i:50:p:24 is not listed on IDEAS
    5. Oguntuase Oluwaseun James, 2020. "Bioeconomy for Sustainable Development in Africa – State of Production Determinants and Future Directions," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 13(1), pages 1-14, March.
    6. Jochen Dürr & Marcelo Sili, 2022. "New or Traditional Approaches in Argentina’s Bioeconomy? Biomass and Biotechnology Use, Local Embeddedness, and Sustainability Outcomes of Bioeconomic Ventures," Sustainability, MDPI, vol. 14(21), pages 1-28, November.
    7. Alexandra Gottinger & Luana Ladu & Rainer Quitzow, 2020. "Studying the Transition towards a Circular Bioeconomy—A Systematic Literature Review on Transition Studies and Existing Barriers," Sustainability, MDPI, vol. 12(21), pages 1-25, October.

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