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Bio-Economy Development in Romania

Irina Chiriac ()
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Irina Chiriac: “Alexandru Ioan Cuza†University of Iaşi

Ovidius University Annals, Economic Sciences Series, 2019, vol. XIX, issue 1, 75-82

Abstract: The global crisis defined by the crisis of energy, ecology and the biosphere, and the environment requires solving the economic problem, satisfying a growing set of needs, given the limited and insufficient resources. Bioeconomy should be the bases for all economic activities and unlimited economic growth must be compatible with the fundamental laws of nature. The research aim is to emphasize the benefits of the dynamics of the intellectual capital on the evolution of the bioeconomy. In the analysis is used multiple regression to study the established link between bio economy and a number of factors that may measure the intellectual capital, such as: Market Capitalization of Bitcoin, Patent applications and the Turnover from Innovation at Romanian level. The research concludes that bioeconomy is influenced most by the number of Patent applications to the European Patent Office. The progress of bio-economy cannot be achieved without the harness of intellectual capital.

Keywords: Market Capitalization of Bitcoin; Patent applications listed by European Patent Office; Turnover from Innovation; Energy intensity of economy (search for similar items in EconPapers)
JEL-codes: O11 B22 (search for similar items in EconPapers)
Date: 2019
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