The Economic Impact of the Irish Bio-Economy - The Bio-Economy Input Output Model: Development and Uses
A new report on the Economic Impact of the Irish Bio-Economy which highlights the strong local linkages between the Irish Bio-Economy, which incorporates the Agriculture, Food, Forestry and Marine sectors.
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The Bio-Economy Input-Output Model: Development and Uses
Given Ireland’s bio-economy based natural resource strengths, in terms of its soils and oceans in particular, a number of economic strategies have been developed to maximise the contribution of Agricultural and Marine sectors to the economy. Consequently, it is desirable to understand the interactions between these sectors and the wider economy and to assess the potential impact of the outcomes of expansion strategies. This report describes the development of the Bio-Economy Input Output model (BIO) which can be used to analyse these linkages between the bio-economy sectors and the wider economy. This work represents the first attempt to model the Bio Economy as a whole, incorporating economic activity originating from both agricultural and marine resources.