Bioeconomy Sectors in Romania: An Analytical Cluster Approach

Emilia Mary Bălan () and Laura Cismaș
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Emilia Mary Bălan: West University of Timisoara

A chapter in Fostering Recovery Through Metaverse Business Modelling, 2023, pp 89-101 from Springer

Abstract: Abstract Bioeconomy is a field that can contribute to Romania’s economic development in the context of the European Union’s environmental protection policies. This paper analyzes the cluster hierarchy of economic sectors included in the bioeconomy field in Romania. The main objective of this article is to identify the position of agriculture among the ten sectors of bioeconomy in order to reveal the role and contribution of this important economic activity to the development of the Romanian bioeconomy. For this analysis, we used the clustering of activity patterns and analyzed the hierarchy of activities included in the bioeconomy field based on socio-economic indicators of Romanian sectors. The sample consists of ten activities included in the bioeconomy and the indicators for a timespan between 2008 and 2019. The authors have used the database of the Joint Research Center of the European Commission (EC) for bioeconomy-specific indexes. The hierarchical cluster analysis was the method of investigating the grouping of bioeconomy sectors. The research results show that the most important sectors of the Romanian bioeconomy are agriculture, bio-based electricity, fishing and aquaculture, and biofuels.

Keywords: Bioeconomy sectors; Romania; Socio-economic indicators; Cluster research (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-28255-3_7

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DOI: 10.1007/978-3-031-28255-3_7

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