Economic impact of the bioeconomy in Spain: Multiplier effects with a bio social accounting matrix

Ferreira, Valeria; Pié, Laia; Terceño, Antonio

doi:10.1016/j.jclepro.2021.126752

Cited by 12 publications

(8 citation statements)

References 32 publications

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“…Cingiz et al (2021) use an input-output model of the EU Bioeconomy. Ferreira, Pié and Terceño (2021) use a bio-socio accounting matrix approach to assess the impact of Bioeconomy in Spain. Gatune, Ozor and Oriama (2021) model Bioeconomy futures in eastern Africa using the International Futures (IFs) modelling platform, based on the dynamic interaction of demographic, social, economic and environmental factors.…”

Section: Discussionmentioning

confidence: 99%

“…The topic of circular Bioeconomy has taken an increasing relevance over time, due to its potential to reduce environmental impact and better exploit the economic value of biological resources. Large part of it is related to food waste (Ferreira, Pié and Terceño, 2021;Santagata et al, 2021). The current state of the art in patents shows that this field is still far from expressing its full potential.…”

Section: Organisation and Business Modelsmentioning

confidence: 99%

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The Bioeconomy in economic literature: looking back, looking ahead

Viaggi

Bartolini

Raggi

2022

BAE

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The objective of this paper is to provide a review of recent economic literature related to the Bioeconomy, in particular aimed at identifying relevant pathways for future research in this field. The paper is organised in four main parts. First, we illustrate the economic role of the Bioeconomy and its key statistics in the EU. Second we review economic topics related to the Bioeconomy production in a mainly private (company, consumer, market) perspective. Then we extend our attention to the review of wider social and environmental aspects with a focus on ecosystem services. Finally, we discuss the interplay of the above topics and cross cutting issues in the attempt to identify the most promising pathways for further research. While the economic literature is growing fast in all the fields of the Bioeconomy, we highlight in particular the need of more economic research focusing on transitions and innovation. However, we also highlight the need to take a system perspective and accounting explicitly for the trade-offs among the many objectives that the Bioeconomy is expected to target and to better account of the costs and benefits affecting different stakeholder groups.

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Section: Discussionmentioning

confidence: 99%

Section: Organisation and Business Modelsmentioning

confidence: 99%

The Bioeconomy in economic literature: looking back, looking ahead

Viaggi

Bartolini

Raggi

2022

BAE

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“…Despite its importance, little work has been done to analyse the potential of the bioeconomy sectors due to the lack of suitable databases and methodologies. Although different studies have measured the size of the bioeconomy by calculating the biobased shares of the sectors involved (Efken et al, 2016 ; Ronzon & M’Barek, 2018 ; Ronzon et al, 2022 ; Vandermeulen et al, 2011 ), or using econometric models (Lochhead et al, 2016 ), the influence of the analysis with multisectoral models, for the analysis of economic, social and/or environmental variables, is clear, for example for Netherlands (Heijman, 2016 ), Poland (Loizou et al, 2019 ), Finland (Lehtonen & Okkonen, 2013 ), Brazil (Maia & Bozelli, 2022 ), the EU and member states (Ferreira et al, 2020 , 2021 ; Mainar-Causapé, 2019 ; Philippidis & Sanjuán, 2018 ). To this end, the Input–Output tables, and the Social Accounting Matrices (SAM) stand out as databases.…”

Section: Introductionmentioning

confidence: 99%

“…The objective of the article is to analyse the bioeconomy structure in Spain using different methodologies and to identify those promising sectors as key wealth generators and growth promoters that will be suitable to stimulate with policies to promote the development of the Spanish bioeconomy. To this end, the symmetric Bioeconomic SAM Matrix for Spain 2010 constructed by the authors is used (Ferreira et al, 2021 ; Mainar-Causapé et al, 2020 ), and both the hypothetical extraction method and traditional methodologies are applied.…”

Section: Introductionmentioning

confidence: 99%

The bioeconomy in Spain as a new economic paradigm: the role of key sectors with different approaches

Ferreira

Pié

Mainar

et al. 2023

Environ Dev Sustain

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The bioeconomy includes the sectors that use renewable biological resources to produce value added products, such as food, feed, energy, and bio-based products. Its importance has been demonstrated by its inclusion as a priority in specific and related policies such as the bioeconomy strategy, the Sustainable Development Goals, the European Green Deal, and the Next Generation recovery plan. Spain has not lagged behind and considers the bioeconomy as a priority in its policy strategies to achieve a more sustainable economy. Despite its importance, the analysis of the potential of the bioeconomy sectors in Spain is limited. To carry out policy-relevant impact assessment in support of bioeconomy development, specific databases describing bio-based products are required. Hence, this work based on the Bio Social Accounting Matrix (BioSAM) for Spain for the year 2010 with a high disaggregation of bio products to perform a structural analysis based on two different and complementary methods: the traditional and the Hypothetical Extraction approach. The structural analysis results reveal promising products as key wealth generators and growth promoters and allow to identify the most suitable to be stimulated with policies to promote the development of the Spanish bioeconomy. Therefore, this paper provides some proposed avenues that should be considered by policymakers.

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“…Michal Drábek, Pavel Syrovátka Multipliers are also used at sectoral or regional level of economic analysis (e.g. Ferreira, Pié and Terceño, 2021;Sacks, 2002;Moretti, 2010;Čadil, 2010). In regional economic analyses, a local multiplier is often calculated as an intermediary for quantifying the circulation of funds in a defined area.…”

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confidence: 99%

Differentiated Estimates of Valuation Multipliers based on Price-to-Book Ratio for the Czech Brewing Industry

Drábek¹,

Syrovátka²

2022

Acta Univ. Agric. Silvic. Mendelianae Brun.

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This article focuses on the differentiated estimations of industry multipliers in relation to Price-Book Value ratio (P/BV) with applying for the Czech brewing industry. Differentiation of estimates brings better approximation of these sector-wide multipliers to the defined groups companies within the given markets and thus increases the accuracy of the method of relative business valuation. Due to the absence of market data on privately held companies, the market value was assessed using the DCF method, while the book value was taken from the enterprise's accounts. The assumption of the linearity of the market-book value relationship for the subsequent calculations and differentiation of P/BV estimations was verified using regression analysis. The differentiation of P/BV ratio was made according to the size of entities, but mainly based on equality of market and book value, respectively according to the equality P/BV = 1. Then our results were supplemented by the calculation of industry P/BV ratio using P/EAT ratio and ROE decomposition. Using this additional method, the brewing industry was compared with other relevant industries in the Czech Republic.

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Economic impact of the bioeconomy in Spain: Multiplier effects with a bio social accounting matrix

Cited by 12 publications

References 32 publications

The Bioeconomy in economic literature: looking back, looking ahead

The Bioeconomy in economic literature: looking back, looking ahead

The bioeconomy in Spain as a new economic paradigm: the role of key sectors with different approaches

Differentiated Estimates of Valuation Multipliers based on Price-to-Book Ratio for the Czech Brewing Industry

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