Potential of the bioeconomy in Visegrad countries: An input-output approach

The EU has placed high priority on the expansion of the bioeconomy with the aim to reduce the use of non-renewable resources, to mitigate climate change, and to develop prospering local economies. However, only few Member States have defined quantitative economic or environmental targets for the bioeconomy in their policy strategies as measurement of the bioeconomy is not straightforward. This study uses an input-output analysis to quantify economic as well as environmental indicators for measuring the bioeconomy in the Visegrad countries (Slovakia, Czech Republic, Poland and Hungary).