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Indicators to Assess the Performance of the Bioeconomy Strategy

Discover key performance indicators for assessing bioeconomy strategy effectiveness, including economy-wide measures and innovation contributions. Learn about sectoral KPIs and the impact of innovation on exports, investments, and economic outcomes. Explore the complexities of cross-country and cross-time comparisons.

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Indicators to Assess the Performance of the Bioeconomy Strategy

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  1. Indicators to Assess the Performance of the Bioeconomy Strategy NACI Workshop on the South African Bioeconomy 5 April, 2019 David Kaplan University of Cape Town david.kaplan@uct.ac.za

  2. Bioeconomystrategies: Countries • 49 countries worldwide have created policy strategies related to bio-economy development • 15 have developed dedicated bio-economy policy strategies • Austria, Brazil, Colombia, Ecuador, Estonia, Iceland, Japan and the United Kingdom preparing dedicated bio-economy strategies

  3. The Bioeconomy: Definition Widespread adoption of the term bio-economy. However • No common definition • Evolving over time “the knowledge-based production and utilization of biological resources, innovative biological processes and principles to sustainably provide goods and services across all economic sectors” “ the production and utilization of biological resources to generate high-value bio-based products” Traditional bio-economy sectors • Agriculture, forestry, fisheries and aquaculture • Related processing and service industries, such as food, paper, textiles, building and construction, chemistry and bio-pharma

  4. Key Performance Indicators • KPIs can be applied at the level of the entire bioeconomy and at sectoral level • Cross-country KPI comparisons complex • Cross-time KPI comparisons complex

  5. Two Sets of KPIs are Required • At the level of the bioeconomy: • economy wide KPIs • At the level of innovation (the DST’s contribution to the strategy): • KPIs that measure the contribution of innovation to economy wide changes

  6. Economy wide KPIs: Output and Employment Output Measures • The bioeconomyshare of national GDP • The bioeconomyrate of growth Employment measures • Total employment • Employment by skill level

  7. Economy wide KPIs: Export and Investment Export measures • Bioeconomyexports • The share of bioeconomyexports in total exports Investment measures • GFCF for the bioeconomy • Bioeconomy’sshare in GFCF for the economy as a whole Note: KPIs apply at each of the “sectoral” levels: agriculture, health, manufacturing

  8. Contribution of innovation/R&D KPIs: Inputs • Gross Expenditure on R&D (GERD) in the bioeconomy • Business Expenditure on R&D (BERD) in the bioeconomy • The number of researchers (FTE) performing R&D in the bioeconomy

  9. Contribution of innovation/R&D KPIs: Technology Outputs • Science Number of and citations for SA authored publications in peer reviewed biotech international journals • Technology • Number and the share of SA patents in biotechnology registered in USPTO and EPO • Citations of SA patents in biotechnology registered in the USPTO and the EPO (Number of patents in biotechnology registered in SA by locals Number of patents in biotechnology registered in SA by foreigners)

  10. Contribution of innovation/R&D KPIs: Economic Impact • Number of bio-technology firms undertaking innovation • Number of black- and female-owned innovative bio-technology firms • For firms undertaking innovation in bio-technology • turnover generated by innovative products and production processes and the share of turnover • innovation expenditures as a share of firm turnover

  11. Contributionof Innovation/R&D KPIs: Exports Enhanced innovation will be expressed in increased export sophistication, i.e. more higher value exports • PRODY • GDP per capita of each country that exports the good, weighted by the relative share in the export basket • EXPY • PRODY of each good that the country exports, weighted by that good’s share in the country’s export basket: the income level associated with a country’s export package

  12. KPI Related to Exports

  13. Application • Data is easily obtainable allowing for frequent monitoring • Evaluation: yearly but recognising that the full impacts of the strategy may not be felt in the short and even medium term

  14. What is not encompassed in these KPIs • The bioeconomy strategy has numerous goals and objectives which would require other KPIs, e.g. • Agriculture: enhanced food security • Health: increased longevity • Industry: cleaner environment

  15. Thank you David Kaplan david.kaplan@uct.ac.za

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