Estimation and basic considerations
In accordance with the European Commission definition (European Commission, 2018), the Bioeconomy encompasses not only on primary sectors that employ and produce biological resources, but also those activities that depend on biological resources to generate value added products (i.e., food, feed, materials and energy). With its ubiquitous presence across the economy, a closed circular accounting database covering the interlinking transaction flows between firms, households and foreign trade, offers unique analytical insights into the total and decomposed impact of the bioeconomy on economic growth and employment. To meet this challenge, for each of the EU member states and for the EU aggregate, a set of highly disaggregated bio-based sector account splits within the framework of a Social Accounting Matrix (dubbed “BioSAMs”) were constructed for the year 2010 (Mainar et al., 2018a). To maintain the temporal relevance of this approach, this report carries out the same endeavour for the more recent year of 2015 that maintains the same disaggregation detail of agricultural and non-agricultural bio-based sectors. In addition, to ensure improved continuity of the database for future updates, the report also focuses on the use of a more systematic method of estimation based on the reconciliation of four main databases. Namely, (i) the CoCo database from the CAPRI model, (through the use of re-estimated AgroSAMs -Mueller et al., 2009), (ii) National Accounts and (iii) Economic Accounts for Agriculture (EAA) from Eurostat and finally, (iv) the MAGNET model database.
MAINAR Alfredo;
PHILIPPIDIS George;
2021-05-10
Publications Office of the European Union
JRC124810
978-92-76-37268-4 (online),
OP KJ-05-21-115-EN-N (online),
https://publications.jrc.ec.europa.eu/repository/handle/JRC124810,
10.2760/622777 (online),
