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

In: Eurasian Business and Economics Perspectives

Author

Listed:
  • Giani Ionel Grădinaru

    (The Bucharest University of Economic Studies, Institute of National Economy, Romanian Academy)

  • Bogdan Florin Matei

    (The Bucharest University of Economic Studies)

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.

Suggested Citation

  • Giani Ionel Grădinaru & Bogdan Florin Matei, 2022. "Sustainable Bioeconomy at Different Speeds: Assessing Regional Performance and Innovation Type," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir (ed.), Eurasian Business and Economics Perspectives, pages 345-360, Springer.
    • Handle: RePEc:spr:eurchp:978-3-031-15531-4_20
    DOI: 10.1007/978-3-031-15531-4_20
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