Measuring the contribution of the Bioeconomy: Nicaragua Case
DOI:
https://doi.org/10.5377/universitas.v5i1.1479Keywords:
Bio-based Economy, Bio-economy, System of National AccountsAbstract
Here is the English translation of your text: This research focuses on measuring Nicaragua's bioeconomy using the Canadian bio-based economy approach, following the subcategories of the North American Industry Classification System (NAICS). Data and records available from the Central Bank of Nicaragua, recorded in the National Accounts System, were used to align the NAICS subcategories with the United Nations' International Standard Industrial Classification (ISIC) Revision 3, which allowed for the harmonization of the main components of the bio-based economy. The reference base year was 1994 for the period 1994–2000, and 2006 for the 2006–2007 period.The results show that the bioeconomy contributed 28% to GDP during the 1994–2000 period, whereas during the new reference year 2006, the contribution was estimated at an average of 7%, consistent with Pellerin’s estimates. Among the main components, the organic chemical industry stood out with contributions of 74% and 75%, respectively, during the 2006–2007 period. Secondly, the agriculture and crop production activities contributed 22% for the 2006–2007 period, though they represented the main component for the 1994–2000 period. The health, medical, and pharmaceutical industries contributed 24% during the 1994–2000 period, but not in the subsequent period, similar to the food and beverage bioprocessing components, which showed low contributions.
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