A Demand-Side Perspective of Bioeconomy: The Influence of Online Intellectual Capital on Consumption

Autor: Elena-Mădălina Vătămănescu, Vlad-Andrei Alexandru, Georgiana Cristea, Loredana Radu, Oana Chirica
Jazyk: English<br />Romanian; Moldavian; Moldovan
Rok vydání: 2018
Předmět:
Zdroj: Amfiteatru Economic, Vol 20, Iss 49, Pp 536-552 (2018)
Druh dokumentu: article
ISSN: 1582-9146
2247-9104
DOI: 10.24818/EA/2018/49/536
Popis: The present paper aims to address a demand-side perspective of bioeconomy by laying emphasis on the digitalization of markets and, subsequently, on the consumption patterns at the macroeconomic scale. The imperative for a sustainable economic model corroborated with the advances in digital technologies usage have reconfigured consumers’ approaches and expectations and availed new forms of consumer behavior. Among these, the development of consumer-based online communities and of the online intellectual capital have often come forth as an undertaking of empowered consumers pursuing knowledgebased consumption patterns. The quest for sustainable, bio-labeled products on the digital markets has cemented the formation of new social aggregations built on the similarity of interests, goals, values, expectations, preferences, etc., giving way to consistent communication and interaction flows among their members and engendering profound transformations in today’s society. Acknowledging all these facts, the study investigates the influences of the online intellectual capital on the consumption patterns through the lens of bioeconomy. The focus is set on the bio products consumption in two European countries (i.e., Romania and Italy), relying on a sample of over 700 active online consumers. Processed via a structural equation modeling technique, the data indicated the existence of significant influences among the considered variables
Databáze: Directory of Open Access Journals