The bioeconomy, emerging as a beacon of sustainable development and global competitiveness, relies on renewable biological resources. This study investigates the interplay between institutional quality and bioeconomy performance in 28 European countries. By employing a Fixed Effect Regression and different sensitivity analyses, we unveil a robust, positive, and statistically significant relationship between the institutional quality and the socio-economic indicator for bioeconomy. The six institutional quality pillars - political stability, control of corruption, government effectiveness, regulatory quality, rule of law, and voice and accountability - positively impact the bioeconomy in Europe. These findings underscore the pivotal role of institutions in shaping bioeconomy performance, emphasizing the profound impact of political stability, regulatory standards, and anti-corruption measures. As a result, our research provides valuable insights for policymakers, highlighting the significance of enhancing institutional quality as a means to advance sustainability and stimulate economic growth through bioeconomy development.

中文翻译：

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欧洲国家的机构质量和生物经济绩效：公布证据

生物经济作为可持续发展和全球竞争力的灯塔而出现，依赖于可再生生物资源。本研究调查了 28 个欧洲国家的机构质量和生物经济绩效之间的相互作用。通过采用固定效应回归和不同的敏感性分析，我们揭示了生物经济的制度质量和社会经济指标之间存在稳健、积极且具有统计显着性的关系。六个制度质量支柱——政治稳定、腐败控制、政府效率、监管质量、法治、话语权和问责制——对欧洲的生物经济产生积极影响。这些发现强调了机构在塑造生物经济绩效方面的关键作用，强调政治稳定、监管标准和反腐败措施的深远影响。因此，我们的研究为政策制定者提供了宝贵的见解，强调了提高机构质量作为通过生物经济发展促进可持续性和刺激经济增长的手段的重要性。