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Can Economic Growth Be Sustained?The Collected Papers of Vernon W. Ruttan and Yujiro Hayami$
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Keijiro Otsuka and C. Ford Runge

Print publication date: 2011

Print ISBN-13: 9780199754359

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199754359.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 January 2022

Stream, River, Delta

Stream, River, Delta

Induced Innovation in Economic Theory and Environmental Policy

(p.325) Chapter 17 Stream, River, Delta
Can Economic Growth Be Sustained?

C. Ford Runge

Oxford University Press

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.

Keywords:   John Hicks, Vernon Ruttan, Yujiro Hayami, institutional change, international climate issues, low-income countries, environmental technology

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