Sustainable Bioeconomy at Different Speeds: Assessing Regional Performance and Innovation Type

Giani Gradinaru () and Bogdan Florin Matei ()
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Bogdan Florin Matei: The Bucharest University of Economic Studies

A chapter in Eurasian Business and Economics Perspectives, 2022, pp 345-360 from Springer

Abstract: Abstract From traditional biobased sectors to the promising results of biotechnology and life sciences, combined with the integration of a new framework for the circular economy, the bioeconomy has attracted great interest from researchers and international organizations. However, the lack of consensus among decision-makers and the rapid changes in economic processes have created discrepancies between countries and regions in terms of strategic approach, forcing them to develop at different speeds. The present paper focuses on assessing the development trends of relevant actors based on the pillars of the bioeconomy and presents a comparison between member states of the European Union. To understand how far countries have developed and what transformative direction they have taken, we have analyzed their traditional and innovative bioeconomy industries using classification methods at different times. The results show the differences between regions and countries, with the most innovative countries taking the path toward a sustainable bioeconomy and achieving the climate-neutral goal. Therefore, our findings reveal possible solutions to important challenges in the strategic planning and guidance of countries toward high-tech approaches in the sector.

Keywords: Bioeconomy; Circular economy; Transition; Biotechnology; Sustainability (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-031-15531-4_20

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DOI: 10.1007/978-3-031-15531-4_20

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