The role of forest biotechonomy industry in the macroeconomic development model of the national economy of Latvia: a system dynamics approach

摘要: Abstract With a rapidly expanding global economic growth, issues of sustainability and potential impact on environment become more pressing. While it is clear that future growth should focus efficient exploitation natural resources higher added-value in processing biological goods (referred to as biotechonomy), there an avenue for research investigating the role biotechonomic sectors’ contribution national economies. This attempts fill gap. By using system dynamics, this evaluates Latvian forest industry macroeconomic development model economy Latvia. In addition, primarily focusses three notable sectors – resource exploitation, education healthcare. It assumed these, well other essential segments economies, are linked endogenous system, constantly reinforcing each being subject certain causalities among them. For purposes investigation, causal loop diagram corresponding dynamics Latvia was developed. introduction biotechonomy model, indicative results show financial available Furthermore, also reinforces further high-added value industries general via productivity increase prolonging total working hours, based health improvement. achieved while proportionally diminishing generally decarbonizing traditional bio-economic sectors.