Bioeconomy and resilience to economic shocks: insights from the COVID-19 pandemic in 2020
Using the latest release of employment and value added numbers in the bioeconomy sectors, we conducted an analysis on the performance of the EU bioeconomy during the COVID-19 pandemic in 2020. Our finding point to a potentially higher level of resilience of the bioeconomy sectors compared to the ov...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Firenze University Press
2023-09-01
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| Series: | Bio-based and Applied Economics |
| Subjects: | |
| Online Access: | https://oaj.fupress.net/index.php/bae/article/view/14827 |
| _version_ | 1797673017824772096 |
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| author | Jesús Lasarte-López Nicola Grassano Robert M'barek Tévécia Ronzon |
| author_facet | Jesús Lasarte-López Nicola Grassano Robert M'barek Tévécia Ronzon |
| author_sort | Jesús Lasarte-López |
| collection | DOAJ |
| description |
Using the latest release of employment and value added numbers in the bioeconomy sectors, we conducted an analysis on the performance of the EU bioeconomy during the COVID-19 pandemic in 2020. Our finding point to a potentially higher level of resilience of the bioeconomy sectors compared to the overall economy. While employment in the bioeconomy registered a similar (but slightly sharper) decrease to the total EU average (-1.7% vs. -1.4%), the value added fell substantially below average (-0.4% vs. -4.0%). The more modern biomass-processing sectors (chemicals and pharmaceuticals, as well as bioelectricity) performed better than the more traditional sectors (such as food or textiles). At the Member State level, we observed a high degree of heterogeneity in sectoral performance. By discussing these estimates alongside previous qualitative insights from the related literature, we emphasize the relevance of the bioeconomy not only for environmental sustainability but also for socioeconomic stability.
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| first_indexed | 2024-03-11T21:39:06Z |
| format | Article |
| id | doaj.art-cb972bf101204ccb80df34789b92e652 |
| institution | Directory Open Access Journal |
| issn | 2280-6180 2280-6172 |
| language | English |
| last_indexed | 2024-03-11T21:39:06Z |
| publishDate | 2023-09-01 |
| publisher | Firenze University Press |
| record_format | Article |
| series | Bio-based and Applied Economics |
| spelling | doaj.art-cb972bf101204ccb80df34789b92e6522023-09-26T14:27:44ZengFirenze University PressBio-based and Applied Economics2280-61802280-61722023-09-01Bioeconomy and resilience to economic shocks: insights from the COVID-19 pandemic in 2020Jesús Lasarte-López0Nicola Grassano1Robert M'barek2Tévécia Ronzon3Joint Research Centre, European CommissionJoint Research Centre, European CommissionJoint Research Centre, European CommissionJoint Research Centre, European Commission Using the latest release of employment and value added numbers in the bioeconomy sectors, we conducted an analysis on the performance of the EU bioeconomy during the COVID-19 pandemic in 2020. Our finding point to a potentially higher level of resilience of the bioeconomy sectors compared to the overall economy. While employment in the bioeconomy registered a similar (but slightly sharper) decrease to the total EU average (-1.7% vs. -1.4%), the value added fell substantially below average (-0.4% vs. -4.0%). The more modern biomass-processing sectors (chemicals and pharmaceuticals, as well as bioelectricity) performed better than the more traditional sectors (such as food or textiles). At the Member State level, we observed a high degree of heterogeneity in sectoral performance. By discussing these estimates alongside previous qualitative insights from the related literature, we emphasize the relevance of the bioeconomy not only for environmental sustainability but also for socioeconomic stability. https://oaj.fupress.net/index.php/bae/article/view/14827COVID-19 shocksocio-economic indicatorsEuropean UnionGreen TransitionBioeconomy |
| spellingShingle | Jesús Lasarte-López Nicola Grassano Robert M'barek Tévécia Ronzon Bioeconomy and resilience to economic shocks: insights from the COVID-19 pandemic in 2020 Bio-based and Applied Economics COVID-19 shock socio-economic indicators European Union Green Transition Bioeconomy |
| title | Bioeconomy and resilience to economic shocks: insights from the COVID-19 pandemic in 2020 |
| title_full | Bioeconomy and resilience to economic shocks: insights from the COVID-19 pandemic in 2020 |
| title_fullStr | Bioeconomy and resilience to economic shocks: insights from the COVID-19 pandemic in 2020 |
| title_full_unstemmed | Bioeconomy and resilience to economic shocks: insights from the COVID-19 pandemic in 2020 |
| title_short | Bioeconomy and resilience to economic shocks: insights from the COVID-19 pandemic in 2020 |
| title_sort | bioeconomy and resilience to economic shocks insights from the covid 19 pandemic in 2020 |
| topic | COVID-19 shock socio-economic indicators European Union Green Transition Bioeconomy |
| url | https://oaj.fupress.net/index.php/bae/article/view/14827 |
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