The Correlation between Human Capital and Gross Added Value in the Bioeconomy Sectors at the European Union (EU) Country Level

  • Olimpia Neagu ”Vasile Goldiș” Western University of Arad
  • Florin Dumiter ”Vasile Goldiș” Western University of Arad
  • Alexandra Braica ”Vasile Goldiș” Western University of Arad
  • Stefania Amalia Jimon ”Vasile Goldiș” Western University of Arad; ”Lucian Blaga” University of Sibiu
  • Gabriela David ”Vasile Goldiș” Western University of Arad

Abstract

The paper aims to prove the link between human capital and gross added value in bioeconomy sectors in the EU countries. Data from EUROSTAT data base regarding employment and gross added value in 6 bioeconomy sectors were used in a cross-country regression analysis. The econometric analysis of cross-country data shows a positive correlation between human capital in bioeconomy sectors and their gross output in 2015 in 26 European countries. It is found also that the correlation is stronger in the highly developed economies as in the central-eastern countries, as well as in the European economy.
Published
2019-03-18