IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i6p2460-d335089.html
   My bibliography  Save this article

The Bioeconomy and Foreign Trade in Food Products—A Sustainable Partnership at the European Level?

Author

Listed:
  • Dan Costin Nițescu

    (Bucharest University of Economic Studies, Faculty of Finance and Banking, Department of Money and Banking, 010961 Bucharest, Romania)

  • Valentin Murgu

    (Bucharest University of Economic Studies, Faculty of Finance and Banking, Department of Money and Banking, 010961 Bucharest, Romania)

Abstract

This research addresses the problem of the synergistic relationship between the sustainable development of the green economy (bioeconomy) at the European level and the commercial flows with food. Mainly, two components were analyzed and integrated: A qualitative one, on the perspective of the development of the bioeconomy at the European level, and a quantitative one, on the study of the nature of the inter-correlation between the exogenous indicators of foreign food trade (exports and imports) and the relevant endogenous indicators (the labor force, gross added value of agriculture, forestry and fisheries, research and development expenditure, forest area, fossil fuel energy consumption, and renewable energy consumption), for 24 European countries over a 22 year period. Exports and imports of food products are positively influenced by the added value of the agricultural sector and by the share of research and development expenditures, both in the short and long term. Renewable energy consumption influences exports in the short term, but in the long term, the forest area has a significant positive impact. Imports are negatively influenced by renewable energy consumption. The findings of this research can provide support for the future mix of policies.

Suggested Citation

  • Dan Costin Nițescu & Valentin Murgu, 2020. "The Bioeconomy and Foreign Trade in Food Products—A Sustainable Partnership at the European Level?," Sustainability, MDPI, vol. 12(6), pages 1-20, March.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:6:p:2460-:d:335089
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/6/2460/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/6/2460/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sophie Urmetzer & Andreas Pyka, 2017. "Varieties of Knowledge-Based Bioeconomies," Economic Complexity and Evolution, in: Stephan Dabbert & Iris Lewandowski & Jochen Weiss & Andreas Pyka (ed.), Knowledge-Driven Developments in the Bioeconomy, pages 57-82, Springer.
    2. Kes McCormick & Niina Kautto, 2013. "The Bioeconomy in Europe: An Overview," Sustainability, MDPI, vol. 5(6), pages 1-20, June.
    3. Choi, In, 2001. "Unit root tests for panel data," Journal of International Money and Finance, Elsevier, vol. 20(2), pages 249-272, April.
    4. Simona Laura Dragoş & Codruţa Mare & Cristian Mihai Dragoş, 2019. "Institutional drivers of life insurance consumption: a dynamic panel approach for European countries," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(1), pages 36-66, January.
    5. Dinu Vasile, 2019. "The Transition to Bioeconomy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(50), pages 1-5, February.
    6. Daniel Toth & Mansoor Maitah & Kamil Maitah, 2019. "Development and Forecast of Employment in Forestry in the Czech Republic," Sustainability, MDPI, vol. 11(24), pages 1-13, December.
    7. Štefan Bojnec & Imre Fertő, 2012. "Does EU Enlargement Increase Agro-Food Export Duration?," The World Economy, Wiley Blackwell, vol. 35(5), pages 609-631, May.
    8. Palmiro Poltronieri, 2016. "Alternative Energies and Fossil Fuels in the Bioeconomy Era: What is Needed in the Next Five Years for Real Change," Challenges, MDPI, vol. 7(1), pages 1-4, April.
    9. Louise Staffas & Mathias Gustavsson & Kes McCormick, 2013. "Strategies and Policies for the Bioeconomy and Bio-Based Economy: An Analysis of Official National Approaches," Sustainability, MDPI, vol. 5(6), pages 1-19, June.
    10. Markus M. Bugge & Teis Hansen & Antje Klitkou, 2016. "What Is the Bioeconomy? A Review of the Literature," Sustainability, MDPI, vol. 8(7), pages 1-22, July.
    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. Maximilian Kardung & Kutay Cingiz & Ortwin Costenoble & Roel Delahaye & Wim Heijman & Marko Lovrić & Myrna van Leeuwen & Robert M’Barek & Hans van Meijl & Stephan Piotrowski & Tévécia Ronzon & Johanne, 2021. "Development of the Circular Bioeconomy: Drivers and Indicators," Sustainability, MDPI, vol. 13(1), pages 1-24, January.
    2. Valentyna Kukharets & Taras Hutsol & Savelii Kukharets & Szymon Glowacki & Tomasz Nurek & Dmytro Sorokin, 2023. "European Green Deal: The Impact of the Level of Renewable Energy Source and Gross Domestic Product per Capita on Energy Import Dependency," Sustainability, MDPI, vol. 15(15), pages 1-15, August.

    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. Daniela Pasnicu & Mihaela Ghenta & Aniela Matei, 2019. "Transition to Bioeconomy: Perceptions and Behaviors in Central and Eastern Europe," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(50), pages 1-9, February.
    2. Sophie Urmetzer & Michael P. Schlaile & Kristina B. Bogner & Matthias Mueller & Andreas Pyka, 2018. "Exploring the Dedicated Knowledge Base of a Transformation towards a Sustainable Bioeconomy," Sustainability, MDPI, vol. 10(6), pages 1-22, May.
    3. Befort, N., 2020. "Going beyond definitions to understand tensions within the bioeconomy: The contribution of sociotechnical regimes to contested fields," Technological Forecasting and Social Change, Elsevier, vol. 153(C).
    4. Lisa Biber-Freudenberger & Amit Kumar Basukala & Martin Bruckner & Jan Börner, 2018. "Sustainability Performance of National Bio-Economies," Sustainability, MDPI, vol. 10(8), pages 1-20, August.
    5. Benoit Mougenot & Jean-Pierre Doussoulin, 2022. "Conceptual evolution of the bioeconomy: a bibliometric analysis," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(1), pages 1031-1047, January.
    6. George B. Frisvold & Steven M. Moss & Andrea Hodgson & Mary E. Maxon, 2021. "Understanding the U.S. Bioeconomy: A New Definition and Landscape," Sustainability, MDPI, vol. 13(4), pages 1-24, February.
    7. Walther Zeug & Alberto Bezama & Urs Moesenfechtel & Anne Jähkel & Daniela Thrän, 2019. "Stakeholders’ Interests and Perceptions of Bioeconomy Monitoring Using a Sustainable Development Goal Framework," Sustainability, MDPI, vol. 11(6), pages 1-24, March.
    8. Kean Birch, 2016. "Emergent Imaginaries and Fragmented Policy Frameworks in the Canadian Bio-Economy," Sustainability, MDPI, vol. 8(10), pages 1-16, October.
    9. Leonard Prochaska & Daniel Schiller, 2021. "An evolutionary perspective on the emergence and implementation of mission-oriented innovation policy: the example of the change of the leitmotif from biotechnology to bioeconomy," Review of Evolutionary Political Economy, Springer, vol. 2(1), pages 141-249, April.
    10. Sebastian Hinderer & Leif Brändle & Andreas Kuckertz, 2021. "Transition to a Sustainable Bioeconomy," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
    11. Christina-Ioanna Papadopoulou & Efstratios Loizou & Katerina Melfou & Fotios Chatzitheodoridis, 2021. "The Knowledge Based Agricultural Bioeconomy: A Bibliometric Network Analysis," Energies, MDPI, vol. 14(20), pages 1-15, October.
    12. Therese Bennich & Salim Belyazid & Birgit Kopainsky & Arnaud Diemer, 2018. "Understanding the Transition to a Bio-Based Economy: Exploring Dynamics Linked to the Agricultural Sector in Sweden," Sustainability, MDPI, vol. 10(5), pages 1-22, May.
    13. Yuliia Maksymiv & Valentyna Yakubiv & Nadia Pylypiv & Iryna Hryhoruk & Iryna Piatnychuk & Nazariy Popadynets, 2021. "Strategic Challenges for Sustainable Governance of the Bioeconomy: Preventing Conflict between SDGs," Sustainability, MDPI, vol. 13(15), pages 1-12, July.
    14. Giampietro, Mario, 2019. "On the Circular Bioeconomy and Decoupling: Implications for Sustainable Growth," Ecological Economics, Elsevier, vol. 162(C), pages 143-156.
    15. Daniel Hausknost & Ernst Schriefl & Christian Lauk & Gerald Kalt, 2017. "A Transition to Which Bioeconomy? An Exploration of Diverging Techno-Political Choices," Sustainability, MDPI, vol. 9(4), pages 1-22, April.
    16. Lovrić, Nataša & Lovrić, Marko & Mavsar, Robert, 2020. "Factors behind development of innovations in European forest-based bioeconomy," Forest Policy and Economics, Elsevier, vol. 111(C).
    17. Sophia Dieken & Sandra Venghaus, 2020. "Potential Pathways to the German Bioeconomy: A Media Discourse Analysis of Public Perceptions," Sustainability, MDPI, vol. 12(19), pages 1-24, September.
    18. Juha Peltomaa, 2018. "Drumming the Barrels of Hope? Bioeconomy Narratives in the Media," Sustainability, MDPI, vol. 10(11), pages 1-14, November.
    19. Stefania Bracco & Ozgul Calicioglu & Marta Gomez San Juan & Alessandro Flammini, 2018. "Assessing the Contribution of Bioeconomy to the Total Economy: A Review of National Frameworks," Sustainability, MDPI, vol. 10(6), pages 1-17, May.
    20. Valeria Ferreira Gregorio & Laia Pié & Antonio Terceño, 2018. "A Systematic Literature Review of Bio, Green and Circular Economy Trends in Publications in the Field of Economics and Business Management," Sustainability, MDPI, vol. 10(11), pages 1-39, November.

    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:gam:jsusta:v:12:y:2020:i:6:p:2460-:d:335089. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.