- Title
- Environmental innovation: a post Keynesian interpretation
- Creator
- Juniper, James
- Relation
- Post Keynesian and Ecological Economics: Confronting Environmental Issues p. 237-255
- Relation
- http://www.e-elgar.co.uk/bookentry_main.lasso?id=12988
- Publisher
- Edward Elgar
- Resource Type
- book chapter
- Date
- 2009
- Description
- This chapter draws on Porter and van der Linde's article, 'Green and competitive', which addresses the potential for corporations that are increasingly required to meet stringent environmental regulations to achieve sustainable improvements in their competitive advantage. Porter's arguments are employed to weave together two strands of research. The first of these strands is subject to criticism on the basis of an alternative theoretical framework developed by William Lazonick and Mary O'Sullivan. While their notion of the 'social conditions of the innovative enterprise' provides a Chandleresque critique of the corporate governance literature (Chandler, 1977)' it also recognizes that macroeconomic conditions can exercise a significant influence over the choices firms make between strategies of innovation or adaptation. An articulation of this interrelationship from a policy-oriented perspective represents the major concern of this chapter. To set the scene, the next section of the chapter examines the issues raised by Porter and van der Linde's 1995a Harvard Business Review article on competitive advantage and environmental regulation. Although the arguments made in this paper are persuasive, it will be argued in the third section that Porter and van der Linde do not possess a cogent and comprehensive theory that relates corporate governance to innovation in general, and environmental innovation in particular. The fourth section of the chapter draws on the work of Lazonick and O'Sullivan as an alternative framework for addressing the influence of corporate governance over innovation. However, these authors underplay the macroeconomic role of government in supporting innovation. These diverse strands of theory are woven together in the fifth section of the chapter, which provides an overview of the spatial Keynesian paradigm, and focuses on the macroeconomic constraints over innovation and regional development. Policy implications and conclusions are addressed in the seventh and final section of the chapter.
- Subject
- post Keynesian economics; environmental regulations; macroeconomics; environmental innovations; corporate governance
- Identifier
- uon:8660
- Identifier
- http://hdl.handle.net/1959.13/918605
- Identifier
- ISBN:9781847206688
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