Stream, River, Delta: Induced Innovation in Economic Theory and Environmental Policy

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter begins by discussing the ideas surrounding John Hicks's concept of induced innovation and the broadening of that idea by Vernon Ruttan and Yujiro Hayami to a more general theory of technological and institutional change. This is followed by a description of the pivotal environmental technology and policy changes in the late 1960s and early 1970s. The chapter concludes with an interpretation of the current debate over international climate issues, which is considered a major threat to sustainable economic growth other than poverty in low-income countries.

Original languageEnglish (US)
Title of host publicationCan Economic Growth Be Sustained?
Subtitle of host publicationThe Collected Papers of Vernon W. Ruttan and Yujiro Hayami
PublisherOxford University Press
ISBN (Electronic)9780190261320
ISBN (Print)9780199754359
DOIs
StatePublished - Apr 30 2015

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Keywords

  • Environmental technology
  • Institutional change
  • International climate issues
  • John hicks
  • Low-income countries
  • Vernon ruttan
  • Yujiro hayami

Cite this

Ford Runge, C. (2015). Stream, River, Delta: Induced Innovation in Economic Theory and Environmental Policy. In Can Economic Growth Be Sustained?: The Collected Papers of Vernon W. Ruttan and Yujiro Hayami Oxford University Press. https://doi.org/10.1093/acprof:osobl/9780199754359.003.0017