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Energies 2019, 12(4), 578; https://doi.org/10.3390/en12040578

Assessment of the Impact of Bioenergy on Sustainable Economic Development

Faculty of Management, The Bucharest University of Economic Studies, 6 Piata Romana, 1st district, 010374 Bucharest, Romania
Received: 13 January 2019 / Revised: 7 February 2019 / Accepted: 7 February 2019 / Published: 13 February 2019
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Abstract

The Solow-Swan macroeconomic model reveals the fact that the marginal capital rate of the bioenergy sector, as well as the bioenergy productivity and productivity of the resources variation, having positive values of their estimated coefficients, have the capacity of stimulating the sustainable economic development of an emerging country, such as Romania. The economic model substantiated by the correlations between the macroeconomic indicators evaluates the convergence in relation with the European Union (EU) average. The main objective of this paper is to analyze the impact of bioenergy on sustainable economic development. The econometric analysis revealed the fact that the bioenergy productivity, the productivity of the resources and the capital productivity of the bioenergy sector have a positive and statistically significant impact on the sustainable economic development. Data was collected from The European Statistical Office and analyzed with SPSS 22 statistical software package. Quantitative methods highlight the disparities between developed and developing countries of EU in terms of bioenergy use and efficiency. View Full-Text
Keywords: bioenergy; sustainable development goal; biofuels; productivity; resources; economic growth; regression analysis bioenergy; sustainable development goal; biofuels; productivity; resources; economic growth; regression analysis
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
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Busu, M. Assessment of the Impact of Bioenergy on Sustainable Economic Development. Energies 2019, 12, 578.

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