MEASURING ROMANIA’SBIOECONOMY IN THE CONTEXT OF EU DEVELOPMENT STRATEGY

Andreea Cirstea
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Andreea Cirstea: BABES-BOLYAI UNIVERSITY, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, CLUJ-NAPOCA, ROMANIA

Annals - Economy Series, 2020, vol. 5, 247-256

Abstract: Bioeconomy is one of the economic sectors to which significant attention is paid in the development strategies at EU level. This sector can be a key factor in reachingthe strategic goals for climate change and sustainable consumption. This paper aims to create an overview of the Romania bioeconomy sectorand to emphasize the development of the sector in relation with EU bioeconomy. To measure the development of the sector three relevant indicators were chosen: people employed in the sector, turnover and value added of the bioeconomy. The period selected for the study of the indicators was 2008-2017. The main findings of the research highlight that, at EU level, bioeconomy sector is continuously increasing for the selected period regarding all indicators. For Romania was observed a slight decrease of the indicators. Despite that Romania can be considered one of the most important European countries in the context of the people employed in bioeconomy. Agriculture was identified as the main industry in terms of people employed and value added for Romania.

Keywords: Bioeconomy; employment; value added; turnover; EU (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2020:v:5:p:247-256

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