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The Current State of Bioeconomy in Romania

Author

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  • Tiberiu Cristian Avrămescu

    (University of Pitești)

Abstract

This paper presents the development potential of bioeconomy in Romania, in the context of European Union membership. The paper presents the concept of bioeconomy and an overview of the documents referring to the bioeconomy sector in the European Union and in Romania. Many European Union countries, including Romania, emphasize the importance of bioeconomy in many official documents, but they have not developed a complex strategy for this sector. Romania has one of the largest agricultural sectors in Europe and a strong chemical industry. These sectors, together with the food industry, wood processing, pulp and paper industry can contribute to the development of bioeconomy in Romania, creating high value-added and environmentally friendly products.

Suggested Citation

  • 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.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:1:p:113-120
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    References listed on IDEAS

    as
    1. Ronzon, Tévécia & Piotrowski, Stephan & M’Barek, Robert & Carus, Michael, 2017. "A systematic approach to understanding and quantifying the EU’s bioeconomy," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 6(1), May.
    2. 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.
    3. Romeo-Victor Ionescu, 2013. "The Impact of the Bioeconomy on the Economic Development under the Global Crisis," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 9(2), pages 185-192, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    bioeconomy; sustainable development; renewable resources; smart specialization;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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