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Technological progress towards sustainable development

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  • Soumyananda Dinda

Abstract

Technological innovation undoubtedly increases productivity and simultaneously it also creates potential dangers to society, which are unknown at the early phase of the adoption of technology. As soon as externalities are identified, social institutions formulate laws and regulations to arrest harmful externalities. The social institutions create the conditions for innovation. New generation of technology may produce new externalities. Thus, a cyclical pattern arises in which technology first diffuse, then become regulated and finally is phased out by another new technology.

Suggested Citation

  • Soumyananda Dinda, 2009. "Technological progress towards sustainable development," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 9(1/2), pages 145-150.
    • Handle: RePEc:ids:ijgenv:v:9:y:2009:i:1/2:p:145-150
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    Cited by:

    1. Soumyananda Dinda, 2018. "Production technology and carbon emission: long-run relation with short-run dynamics," Journal of Applied Economics, Taylor & Francis Journals, vol. 21(1), pages 106-121, January.
    2. Costantini, Valeria & Mazzanti, Massimiliano & Montini, Anna, 2013. "Environmental performance, innovation and spillovers. Evidence from a regional NAMEA," Ecological Economics, Elsevier, vol. 89(C), pages 101-114.

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