Green Growth: A Theoretical Model Based on Schumpeterian Product Vertical Innovation Framework

DOI

10.2991/iceemr-18.2018.11How to use a DOI?

Keywords

Green growth, Endogenous growth model, Product vertical innovation, Non-renewable resources, Environmental quality, Optimal path

Abstract

The paper constructs an endogenous growth model based on Schumpeterian approach to demonstrate the possibility and conditions of green growth. It is finding that despite the constraints of natural resources and environment, there exists an optimal growth path and along this path sustained economic growth with improvement of environmental quality and resources utilization can be achieved. Schumpeterian approach distinguishes intellectual capital and tangible capital, which recognizes the technology for producing knowledge is cleaner than the technology for producing material goods, highlighting the role of innovation in green growth.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chaofan Chen
AU  - Yawen Sun
PY  - 2018/06
DA  - 2018/06
TI  - Green Growth: A Theoretical Model Based on Schumpeterian Product Vertical Innovation Framework
BT  - Proceedings of the 2018 2nd International Conference on Education, Economics and Management Research (ICEEMR 2018)
PB  - Atlantis Press
SP  - 51
EP  - 55
SN  - 2352-5398
UR  - https://doi.org/10.2991/iceemr-18.2018.11
DO  - 10.2991/iceemr-18.2018.11
ID  - Chen2018/06
ER  -