Employing social accounting matrix multipliers to profile the Bioeconomy in the EU Member States: Is there a structural pattern?
2014
PHILIPPIDIS George | SANJUAN LOPEZ Ana | FERRARI Emanuele | M'BAREK Robert
In the 21st century, the issues of climate change, natural resource depletion, population growth and environmental degradation are posing challenging questions for policy makers. The European Union (EU) has taken a pro-active role in areas relating to greenhouse gas (GHG) emissions reductions, renewable energy usage and the greening of its agricultural policy. To this end, the term 'bioeconomy' was coined which, "encompasses the production of renewable biological resources and the conversion of these resources and waste streams into value added products, such as food, feed, bio-based products and bioenergy". The current study employs a consistent set of social accounting matrices (SAMs) for each of the EU27 Member States to profile comparative structural patterns within the identifiable bioeconomy across EU Member States. Tthis paper follows SAM based multiplier and structural analysis. Employing statistical techniques, a typical profile of bioeconomic activity is created, across sectors and regions, whilst certain bioeconomic activities with greater than average wealth generating properties are identified as 'key sectors'. A further ex-post assessment is carried out for those 'key sectors' to evaluate the extent to which they have thrived in the ensuing period.
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