Progress of EU Member States Regarding the Bioeconomy and Biomass Producing and Converting Sectors

Daniela Firoiu (), George H. Ionescu, Teodor Marian Cojocaru, Mariana Niculescu, Maria Nache Cimpoeru and Oana Alexandra Călin
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Daniela Firoiu: Department of Commerce, Economic Integration and Business Administration, Romanian-American University, 012101 Bucharest, Romania
George H. Ionescu: Department of Finance, Credit and Accounting, Romanian-American University, 012101 Bucharest, Romania
Teodor Marian Cojocaru: Department of Economics and Economic Modeling, West University of Timisoara, 300115 Timisoara, Romania
Mariana Niculescu: Department of Agricultural and Forestry Technologies, University of Craiova, 200585 Craiova, Romania
Maria Nache Cimpoeru: Department of Economics, Accounting and International Affairs, University of Craiova, 200585 Craiova, Romania
Oana Alexandra Călin: “Grigore Alexandru Ghica” Military School, 245700 Drăgășani, Romania

Sustainability, 2023, vol. 15, issue 19, 1-22

Abstract: The development of the bioeconomy on regional and national levels is heavily reliant on the establishment of precise and efficient governance frameworks. These structures encompass a wide range of components, spanning from financial support to regulatory tools and limitations. These mechanisms play a pivotal role in addressing the challenges that emerge during the bioeconomy’s growth. In this context, the necessity for continuous research to underpin and guide bioeconomy policies, while also bridging existing knowledge gaps, is glaringly evident. The current study brings a new perspective, using hierarchical cluster analysis as an exploratory approach and a technique for generating hypotheses. Its aim is to assess the progress of EU countries concerning the bioeconomy, including sectors involved in biomass production and conversion. The research draws on data published by the European Commission and Eurostat for the years 2015 and 2020, to capture the changes brought about by the adoption of the 2030 Agenda. The research findings furnish valuable insights into advancements in the bioeconomy and the clustering of countries based on their performance levels. Notably, Belgium and Denmark emerge as standout performers, potentially offering exemplary models of best practices.

Keywords: bioeconomy; biomass; sustainable development; 2030 agenda (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:19:p:14128-:d:1246591

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