Local, regional and national level of the socioeconomic impacts of a bio-oil production system – A case in Lieksa, Finland

Lasse Okkonen and Olli Lehtonen

Renewable and Sustainable Energy Reviews, 2017, vol. 71, issue C, 103-111

Abstract: The aim of this paper is to assess the direct and indirect socioeconomic impacts on a local, regional and national economy from forest biomass-based bio-oil production using input–output (I–O) analysis. We also analysed the importance of a bio-oil factory on the development of the local economy and determined the type of impacts bio-oil production has on population and employment development and on the public municipal economy. Our study area is located in a resource periphery far from growing regions and suffers from development problems and stagnating development trends. In terms of employment and income, bio-oil production could have a significant positive net impact on the local economy despite leakages to regional and national economies. The impacts of bio-oil production could enhance the future development prospects for the resource periphery according to positive changes in the net migration and by slowing population losses.

Keywords: Socioeconomic impacts; Input-output modelling; Bio-oil production (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:rensus:v:71:y:2017:i:c:p:103-111

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DOI: 10.1016/j.rser.2017.01.003

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