IDEAS home Printed from https://ideas.repec.org/a/aes/amfeco/v21y2019i50p24.html
   My bibliography  Save this article

Economic Modeling in the Management of Transition to Bioeconomy

Author

Listed:
  • Cristian Busu

    (The Bucharest University of Economic Studies)

  • Mihail Busu

    (The Bucharest University of Economic Studies)

Abstract

The management of the transition to bioeconomy has developed relatively recently, to cope with the challenges of the 21st century. The determinants of transition are related to economic, social, biological and environmental evolution. In particular, the envisaged factors consist in demographic increase, excessive unsustainable consumption, industrial development, climatic changes, depletion of traditional or non-renewable resources. This article presents, first, the conceptual model of the transition process, making a review of the specialized literature. The authors render applicability to the sustainable economic model developed in the primary sector, which is the first biomass-producing industry with potential to generate new products, used in the secondary and tertiary industrial sectors. The second part of the article defines the behavioral research model. The article aims at providing an applicative perspective to the behavioral model, through the economic integration of data collected from the biomass industry. The third part of the article presents the results of the case study, interpreted in the light of the responses to the questionnaire transmitted to the respondents. Data were collected using a questionnaire addressed to management and employees in the biomass industry. Structural equation modeling (SEM) was used, and d splints were analyzed by software-ul Smart PLS 3. One of the main goals of this paper is to identify and assess the relationship between the sustainable development of Bioeconomy through the indicators of performance obtained by producers of biomass in the framework of the economic model of transition to the bioeconomy. The conclusions of our research are in line with the existing literature and confirm the theoretical assumptions, underlining that the performance and sustainable development of the producers is a direct consequence of the association of a number of factors such as innovation and technology, regulation, knowledge and skills of the human factor.

Suggested Citation

  • Cristian Busu & Mihail Busu, 2019. "Economic Modeling in the Management of Transition to Bioeconomy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(50), pages 1-24, February.
    • Handle: RePEc:aes:amfeco:v:21:y:2019:i:50:p:24
    as

    Download full text from publisher

    File URL: http://www.amfiteatrueconomic.ro/temp/Article_2788.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Malerba, Franco, 2002. "Sectoral systems of innovation and production," Research Policy, Elsevier, vol. 31(2), pages 247-264, February.
    2. Maciejczak, Mariusz, 2015. "What are Production Determinants of Bioeconomy?," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 15(30), pages 1-10, December.
    3. Manuel Alejandro Cardenete & Pierre Boulanger & María Del Carmen Delgado & Emanuele Ferrari & Robert M'Barek, 2014. "Agri-Food And Bio-Based Analysis In The Spanish Economy Using A Key Sector Approach," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 26(2), pages 112-134, July.
    4. Cihak, Martin & Demirguc-Kunt, Asli & Feyen, Erik & Levine, Ross, 2013. "Financial Development in 205 Economies, 1960 to 2010," Journal of Financial Perspectives, EY Global FS Institute, vol. 1(2), pages 17-36.
    5. Angenendt, Georg & Zurmühlen, Sebastian & Axelsen, Hendrik & Sauer, Dirk Uwe, 2018. "Comparison of different operation strategies for PV battery home storage systems including forecast-based operation strategies," Applied Energy, Elsevier, vol. 229(C), pages 884-899.
    6. Nicholas Crafts, 2006. "Regulation and Productivity Performance," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 22(2), pages 186-202, Summer.
    7. Marc Mueller & Ignacio Perez Dominguez & Stephan Gay, 2009. "Construction of Social Accounting Matrices for the EU-27 with a Disaggregated Agricultural Sector (AgroSAM)," JRC Research Reports JRC53558, Joint Research Centre.
    8. Tenenhaus, Michel & Vinzi, Vincenzo Esposito & Chatelin, Yves-Marie & Lauro, Carlo, 2005. "PLS path modeling," Computational Statistics & Data Analysis, Elsevier, vol. 48(1), pages 159-205, January.
    9. Rick Bosman & Jan Rotmans, 2016. "Transition Governance towards a Bioeconomy: A Comparison of Finland and The Netherlands," Sustainability, MDPI, vol. 8(10), pages 1-20, October.
    10. Colesca, Sofia Elena & Ciocoiu, Carmen Nadia, 2013. "An overview of the Romanian renewable energy sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 149-158.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cristian Busu & Mihail Busu, 2020. "Research on the Factors of Competition in the Green Procurement Processes: A Case Study for the Conditions of Romania Using PLS-SEM Methodology," Mathematics, MDPI, vol. 9(1), pages 1-16, December.
    2. Grasu Stelian & Popp Ruxandra Mădălina, 2023. "An Analysis of the European Union Regulation on Electric Energy Market," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 419-427, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:aud:audfin:v:21:y:2019:i:50:p:24 is not listed on IDEAS
    2. George Philippidis & Ana I. Sanjuán-López, 2018. "A Re-Examination of the Structural Diversity of Biobased Activities and Regions across the EU," Sustainability, MDPI, vol. 10(11), pages 1-13, November.
    3. Alfredo J. Mainar Causape & George Philippidis & Ana Isabel Sanjuán, 2017. "Analysis of structural patterns in highly disaggregated bioeconomy sectors by EU Member States using SAM/IO multipliers," JRC Research Reports JRC106676, Joint Research Centre.
    4. Mihail Busu & Alexandra Catalina Nedelcu, 2017. "Sustainability and Economic Performance of the Companies in the Renewable Energy Sector in Romania," Sustainability, MDPI, vol. 10(1), pages 1-16, December.
    5. Alexandra Gottinger & Luana Ladu & Rainer Quitzow, 2020. "Studying the Transition towards a Circular Bioeconomy—A Systematic Literature Review on Transition Studies and Existing Barriers," Sustainability, MDPI, vol. 12(21), pages 1-25, October.
    6. Mihail Busu & Carmen Lenuta Trica, 2019. "Sustainability of Circular Economy Indicators and Their Impact on Economic Growth of the European Union," Sustainability, MDPI, vol. 11(19), pages 1-13, October.
    7. Amoroso, Sara & Martino, Roberto, 2020. "Regulations and technology gap in Europe: The role of firm dynamics," European Economic Review, Elsevier, vol. 129(C).
    8. M'Barek, Robert & Philippidis, George & Suta, Cornelia & Vinyes, Cristina & Caivano, Arnaldo & Ferrari, Emanuele & Ronzon, Tevecia & Sanjuan Lopez, Ana & Santini, Fabien, 2014. "Observing and analysing the Bioeconomy in the EU – Adapting data and tools to new questions and challenges," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 3(1), pages 1-9, April.
    9. Patricia D. Fuentes-Saguar & Alfredo J. Mainar-Causapé & Emanuele Ferrari, 2017. "The Role of Bioeconomy Sectors and Natural Resources in EU Economies: A Social Accounting Matrix-Based Analysis Approach," Sustainability, MDPI, vol. 9(12), pages 1-13, December.
    10. Valeria Costantini & Francesco Crespi & Giovanni Marin & Elena Paglialunga, 2016. "Eco-innovation, sustainable supply chains and environmental performance in European industries," LEM Papers Series 2016/19, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    11. Gaigalis, Vygandas & Markevicius, Antanas & Skema, Romualdas & Savickas, Juozas, 2015. "Sustainable energy strategy of Lithuanian Ignalina Nuclear Power Plant region for 2012–2035 as a chance for regional development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 1680-1696.
    12. Altenburg, Tilman & Schmitz, Hubert & Stamm, Andreas, 2008. "Breakthrough China's and India's Transition from Production to Innovation," World Development, Elsevier, vol. 36(2), pages 325-344, February.
    13. Renaud Bourlès & Gilbert Cette & Jimmy Lopez & Jacques Mairesse & Giuseppe Nicoletti, 2013. "Do Product Market Regulations In Upstream Sectors Curb Productivity Growth? Panel Data Evidence For OECD Countries," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1750-1768, December.
    14. Annie Tubadji & Peter Nijkamp, 2015. "Cultural impact on regional development: application of a PLS-PM model to Greece," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(3), pages 687-720, May.
    15. Vrînceanu, Alexandra & Dumitrașcu, Monica & Kucsicsa, Gheorghe, 2022. "Site suitability for photovoltaic farms and current investment in Romania," Renewable Energy, Elsevier, vol. 187(C), pages 320-330.
    16. Maximilian Benner, 2021. "System-level agency and its many shades: How to shape the system for path development?," PEGIS geo-disc-2021_10, Institute for Economic Geography and GIScience, Department of Socioeconomics, Vienna University of Economics and Business.
    17. Rücker, Fabian & Schoeneberger, Ilka & Wilmschen, Till & Sperling, Dustin & Haberschusz, David & Figgener, Jan & Sauer, Dirk Uwe, 2022. "Self-sufficiency and charger constraints of prosumer households with vehicle-to-home strategies," Applied Energy, Elsevier, vol. 317(C).
    18. Ben Mimoun, Mohammed Slim & Poncin, Ingrid, 2015. "A valued agent: How ECAs affect website customers' satisfaction and behaviors," Journal of Retailing and Consumer Services, Elsevier, vol. 26(C), pages 70-82.
    19. Baldwin, Carliss Y. & Bogers, Marcel L.A.M. & Kapoor, Rahul & West, Joel, 2024. "Focusing the ecosystem lens on innovation studies," Research Policy, Elsevier, vol. 53(3).
    20. Anne Bartel-Radic & Jean-Luc Giannelloni, 2017. "A renewed perspective on the measurement of cross-cultural competence: An approach through personality traits and cross-cultural knowledge," Post-Print hal-01975656, HAL.
    21. Steffen S. Bettin, 2020. "Electricity infrastructure and innovation in the next phase of energy transition—amendments to the technology innovation system framework," Review of Evolutionary Political Economy, Springer, vol. 1(3), pages 371-395, November.

    More about this item

    Keywords

    bioeconomy; behavioral model; technology; research; innovation; environment;
    All these keywords.

    JEL classification:

    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aes:amfeco:v:21:y:2019:i:50:p:24. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valentin Dumitru (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.