Economic Theories of Eco-Innovations: A Comparison between the Neoclassical and Evolutionary Approaches
Abstract
The present paper contributes to the debate on eco-innovations (EIs) by comparing their role within the framework of two contrasting theoretical perspectives: the neoclassical vs. the evolutionary viewpoint. In the neoclassical approach, EIs play a crucial role in achieving the goal of environmental sustainability mainly through their contribution to the technological progress that can offset the negative effects of the exhaustion of natural resources. By contrast, evolutionists analyse EIs in their dynamic and multi-dimensional nature, recognising the important role played by organisational, social, and institutional innovations for environmental sustainability. In this framework, the deterministic neoclassical perspective seems to be particularly useful to investigate specific characteristics of EIs, such as efficiency and role of environmental regulation. By contrast, the evolutionary theories are suitable to investigate radical innovations and to avoid any technology bias, by stressing the need for consideration of social and institutional dimensions.
Autore Pugliese
Tutti gli autori
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Sica E.C.
Titolo volume/Rivista
INTERNATIONAL JOURNAL OF INNOVATION AND SUSTAINABLE DEVELOPMENT
Anno di pubblicazione
2016
ISSN
1740-8822
ISBN
Non Disponibile
Numero di citazioni Wos
Nessuna citazione
Ultimo Aggiornamento Citazioni
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Numero di citazioni Scopus
1
Ultimo Aggiornamento Citazioni
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Settori ERC
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Codici ASJC
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