Insights into the Sustainable Development of the Bioeconomy at the European Level, in the Context of the Desired Clean Environment
Delia Elena Diaconaşu, Ionel Bostan, Cristina Căutişanu, Irina Chiriac
Abstract
The increasing awareness of the impact of global climate change has brought bio-based projects back into consideration. Thus, having as supports the reality of the troubling scenario that threatens the entire ecosystem and the up-to-date theoretical discourse and debate on sustainable development, this article aims to investigate the socio-economic and institutional determinants that trigger the dynamics of the bioeconomy value added indicator-a valuable instrument developed and recently launched by the EU's BioMonitor project. Using a panel corrected standard errors framework, we find that investment in human development along with innovation, the growing role of women and sound public governance have a positive effect on the transition towards a durable and resilient bioeconomy at the European level. This naturally implies that a combination of social and technological innovation can ensure the rise of a sustainable bioeconomy.