Bio-Economy of Ukraine: Efficiency and Potential for Development Based on SEE-Management Methodology

Abstract

The study of the efficiency and potential for the development of the bio-economy in Ukraine is highly relevant in the conditions of modern economic and environmental challenges. The current economic situation, complicated by military aggression, requires transformational changes aimed at sustainable development and decarbonization of the economy. Bioeconomic transformation is an important step towards achieving the country's sustainable development goals and climate neutrality. The study aims to evaluate the efficiency of the bioeconomic industries and determine their resource potential for developing management strategies for the bioeconomic transformation of socio-economic systems in the future. The methodology of SEE-analysis (scale, effectiveness, efficiency), which allows the evaluation of the efficiency and effectiveness of complex systems, is used in the study. Statistical indicators of the production volume, production costs, and value-added of the bio-economic sectors of the economy of Ukraine were used for the analysis. The study results showed that Ukraine's bio-economic industry has a significant potential for development, but the main growth is due to quantitative, not qualitative, indicators. The largest share of added value is generated by agriculture and food production. At the same time, there is a need to increase the efficiency of the resources used with innovative technologies. The study emphasizes the importance of developing the bioeconomy to reduce dependence on fossil resources and improve the ecological situation in the country because the bioeconomic transformation will contribute to strengthening the economy of Ukraine and its integration into the European economic space. The obtained research results can be used to develop policies and strategies for managing bioeconomic transformation in Ukraine. The proposed methodology can be used to evaluate the effectiveness of other socio-economic systems at different levels.