Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/321782 
Year of Publication: 
2023
Citation: 
[Journal:] Bio-based and Applied Economics (BAE) [ISSN:] 2280-6172 [Volume:] 12 [Issue:] 4 [Year:] 2023 [Pages:] 323-331
Publisher: 
Firenze University Press, Florence
Abstract: 
The bioeconomy is considered a means to achieving a climate-neutral economy as aimed for in the EU Green Deal. For Latvia, the forest-based bioeconomy has the potential to contribute to this aim. An operational definition of the forest-based bioeconomy is needed to calculate its size. This research aims to provide such a definition and to determine the contribution of the forest-based bioeconomy to GDP, employment, and greenhouse gas emissions. The direct and indirect contribution of the forest-based bioeconomy to economic indicators and climate change is identified using an input-output model. The results of the model show that the forest-based bioeconomy contributes 6.4% to GDP and 6.6% to total employment in Latvia. The contribution to greenhouse gas emissions is 4.9%. Furthermore, if CO2 sequestration is included, the forest-based bioeconomy becomes climate neutral.
Subjects: 
employment
forestry
greenhouse gas emissions
input-output model
value added
JEL: 
C67
E01
Q23
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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