The Central and Eastern European Countries: A Cluster Analysis from a Bioeconomy Perspective (original) (raw)

The bioeconomy is an area that encompasses more economic activities and is environmentally friendly and sustainable. Bioeconomy contributes to the economic development of a state by creating new jobs, expanding the business environment and making activities more efficient. In this context, the bioeconomy is an element of economic development that helps the Central and Eastern European countries (CEECs) to bridge the gap with the other countries in the west of the continent. The article aims to analyze the grouping of CEECs based on indicators specific to the bioeconomy, to highlight similarities or discrepancies between them. Moreover, we conduct this study in order to identify Romania’s position among CEECs in terms of specific bioeconomy indicators. The study is based on the European Commission’s Joint Research Center database for the bioeconomy indexes for these particular regions. We employed a hierarchical cluster method using SPSS software. The sample consisted of the 11 CEEC ...