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The Economic Impact of the Irish Bio-Economy: Development and Uses

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  • Grealis, Eoin
  • O’Donoghue, Cathal

Abstract

Given Ireland’s bio-economy based natural resource strengths, in terms of its soils and oceans in particular, a number of economic strategies have been developed to maximise the contribution of Agricultural and Marine sectors to the economy. Consequently, it is desirable to understand the interactions between these sectors and the wider economy and to assess the potential impact of the outcomes of expansion strategies. This report describes the development of the Bio-Economy Input Output model (BIO) which can be used to analyse these linkages between the bio-economy sectors and the wider economy. This work represents the first attempt to model the Bio Economy as a whole, incorporating economic activity originating from both agricultural and marine resources.

Suggested Citation

  • Grealis, Eoin & O’Donoghue, Cathal, 2015. "The Economic Impact of the Irish Bio-Economy: Development and Uses," Research Reports 210704, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    • Handle: RePEc:ags:semrrr:210704
    DOI: 10.22004/ag.econ.210704
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    References listed on IDEAS

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    2. Marc Mueller & Ignacio Perez Dominguez & Stephan Gay, 2009. "Construction of Social Accounting Matrices for the EU-27 with a Disaggregated Agricultural Sector (AgroSAM)," JRC Research Reports JRC53558, Joint Research Centre.
    3. Miller, Ana Corina & Matthews, Alan & Boysen, Ole & Donnellan, Trevor & O'Donoghue, Cathal, 2011. "Measuring the impact of trade policy reform in Ireland: A disaggregated analysis of household impacts," 122nd Seminar, February 17-18, 2011, Ancona, Italy 99598, European Association of Agricultural Economists.
    4. Morrissey, Karyn & O’Donoghue, Cathal, 2012. "The Irish marine economy and regional development," Marine Policy, Elsevier, vol. 36(2), pages 358-364.
    5. William Baumol, 2000. "Leontief's Great Leap Forward: Beyond Quesnay, Marx and von Bortkiewicz," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 141-152.
    6. Daniel Pauly & Villy Christensen & Sylvie Guénette & Tony J. Pitcher & U. Rashid Sumaila & Carl J. Walters & R. Watson & Dirk Zeller, 2002. "Towards sustainability in world fisheries," Nature, Nature, vol. 418(6898), pages 689-695, August.
    7. Morrissey, Karyn & O’Donoghue, Cathal, 2013. "The role of the marine sector in the Irish national economy: An input–output analysis," Marine Policy, Elsevier, vol. 37(C), pages 230-238.
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    Cited by:

    1. Tsakiridis, Andreas & O’Donoghue, Cathal & Hynes, Stephen & Kilcline, Kevin, 2020. "A Comparison of Environmental and Economic Sustainability across Seafood and Livestock Product Value Chains," Working Papers 309507, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    2. Timo Kuosmanen & Natalia Kuosmanen & Andrea El-Meligi & Tevecia Ronzon & Patricia Gurria & Susanne Iost & Robert M’Barek, 2020. "How big is the bioeconomy?," JRC Research Reports JRC120324, Joint Research Centre.
    3. Laura Anne Devaney & Maeve Henchion, 2017. "If Opportunity Doesn’t Knock, Build a Door: Reflecting on a Bioeconomy Policy Agenda for Ireland," The Economic and Social Review, Economic and Social Studies, vol. 48(2), pages 207-229.
    4. Efstratios Loizou & Piotr Jurga & Stelios Rozakis & Antoni Faber, 2019. "Assessing the Potentials of Bioeconomy Sectors in Poland Employing Input-Output Modeling," Sustainability, MDPI, vol. 11(3), pages 1-12, January.
    5. Tetere, Vineta & Peerlings, Jack & Dries, Liesbeth, 2023. "The forest-based bioeconomy in Latvia: economic and environmental importance," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 12(4), December.

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