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Bio-Economy Development in Romania

Author

Listed:
  • Irina Chiriac

    (“Alexandru Ioan Cuza†University of Iaşi)

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.

Suggested Citation

  • Irina Chiriac, 2019. "Bio-Economy Development in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 75-82, August.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:75-82
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2019/08/4-1.pdf
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    References listed on IDEAS

    as
    1. Salter, Ammon J. & Martin, Ben R., 2001. "The economic benefits of publicly funded basic research: a critical review," Research Policy, Elsevier, vol. 30(3), pages 509-532, March.
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    3. 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.
    4. Elena-Madalina Vatamanescu & Vlad-Andrei Alexandru & Georgiana Cristea & Loredana Radu & Oana Chirica, 2018. "A Demand-Side Perspective of Bioeconomy: The Influence of Online Intellectual Capital on Consumption," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(49), pages 536-536, August.
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    6. Daniel Adrian Gârdan & Mihai Andronie & Iuliana Petronela Gârdan & Irina Elena Andronie & Mariana Iatagan & Iulian Hurloiu, 2018. "Bioeconomy Development and Using of Intellectual Capital for the Creation of Competitive Advantages by SMEs in the Field of Biotechnology," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(49), pages 647-647, August.
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    Cited by:

    1. Tiberiu Cristian Avrămescu, 2020. "The Current State of Bioeconomy in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 113-120, August.

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    More about this item

    Keywords

    Market Capitalization of Bitcoin; Patent applications listed by European Patent Office; Turnover from Innovation; Energy intensity of economy;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics

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