development of a GEM, the applicability criterion would be restricted to the availability of information.
Without a doubt, one of the strengths of the GEM is the responses of actors in the
economy to possible price variations, a characteristic that is difficult to evaluate in
the IOM. However, its comparability and external validity would be limited to the
availability of economic information from other firms under the same conditions. On
the other hand, the IOM, by not considering this type of conditions, allows structuring versatile models that can be validated and compared with characteristics of other
firms.
Regarding ease of implementation by the user or reader of the report, the IOM and
the SAM score favourably. The former can be structured in a spreadsheet using a
standard operating system, while the latter could be run by the simulators available
from official sources. In contrast, the development of a GEM would involve the use
of more complex computer tools, due to the greater number of variables and
equations.
Therefore, considering the criteria set out in Table 3.4, this study proposes to use
an input–output model (IOM) as a basis. By providing methodological sheets, the
model will allow replication for other economic or social conditions, of similar
economies or conditions of extrapolation. Without a doubt, the IOM has its
limitations and restrictions, but its extensive use and the development of similar
studies make it possible to guarantee its versatility and assertiveness.
3.6
Contribution to the Ecuadorian Bioeconomy
Considering the criteria previously defined in Table 3.4, we now proceed to quantify
the contribution of the bioeconomy. We consider three aspects of interest that will
allow its comparison to other economic sectors, as well as with other realities or
societies. Such comparisons are relevant in the decision making, planning, and
definition of strategies to extend the participation of the bioeconomy, i.e., future
scenarios.
• Labour and salary.
• Production and consumption.
• Growth and taxes.
Additionally, the contribution of the bioeconomy in these three aspects is
quantified in segments in order to evaluate the interaction of results according to
Table 3.4 Selection criteria—available models
Model
Comparability
Applicability
External validity
Scalability
IOM
High
Medium
High
High
GEM
Medium
Medium
Medium
High
SAM
Low
High
Low
Medium
50
D. Ortega-Pacheco et al.
Without a doubt, one of the strengths of the GEM is the responses of actors in the
economy to possible price variations, a characteristic that is difficult to evaluate in
the IOM. However, its comparability and external validity would be limited to the
availability of economic information from other firms under the same conditions. On
the other hand, the IOM, by not considering this type of conditions, allows structuring versatile models that can be validated and compared with characteristics of other
firms.
Regarding ease of implementation by the user or reader of the report, the IOM and
the SAM score favourably. The former can be structured in a spreadsheet using a
standard operating system, while the latter could be run by the simulators available
from official sources. In contrast, the development of a GEM would involve the use
of more complex computer tools, due to the greater number of variables and
equations.
Therefore, considering the criteria set out in Table 3.4, this study proposes to use
an input–output model (IOM) as a basis. By providing methodological sheets, the
model will allow replication for other economic or social conditions, of similar
economies or conditions of extrapolation. Without a doubt, the IOM has its
limitations and restrictions, but its extensive use and the development of similar
studies make it possible to guarantee its versatility and assertiveness.
3.6
Contribution to the Ecuadorian Bioeconomy
Considering the criteria previously defined in Table 3.4, we now proceed to quantify
the contribution of the bioeconomy. We consider three aspects of interest that will
allow its comparison to other economic sectors, as well as with other realities or
societies. Such comparisons are relevant in the decision making, planning, and
definition of strategies to extend the participation of the bioeconomy, i.e., future
scenarios.
• Labour and salary.
• Production and consumption.
• Growth and taxes.
Additionally, the contribution of the bioeconomy in these three aspects is
quantified in segments in order to evaluate the interaction of results according to
Table 3.4 Selection criteria—available models
Model
Comparability
Applicability
External validity
Scalability
IOM
High
Medium
High
High
GEM
Medium
Medium
Medium
High
SAM
Low
High
Low
Medium
50
D. Ortega-Pacheco et al.