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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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    4. Morrissey, Karyn & O’Donoghue, Cathal, 2012. "The Irish marine economy and regional development," Marine Policy, Elsevier, vol. 36(2), pages 358-364.
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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.

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