Post-Schumpeterian Innovation Paradigm: A Dual-Wheel Drive of Technology and Regulation for Green Transformation
The post-Schumpeterian era has constructed a green innovation paradigm that balances profit-making and environmental goals through a dual-wheel drive of technology and regulation to achieve green transformation. Under this innovation paradigm, two issues need to be addressed. First, the immature gre...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
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Risk Institute, Trieste- Geneva
2025-07-01
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| Series: | Cadmus |
| Subjects: | |
| Online Access: | https://www.cadmusjournal.org/article/volume-5-issue-4/post-schumpeterian-innovation-paradigm |
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| Summary: | The post-Schumpeterian era has constructed a green innovation paradigm that balances profit-making and environmental goals through a dual-wheel drive of technology and regulation to achieve green transformation. Under this innovation paradigm, two issues need to be addressed. First, the immature green technologies and product markets cannot generate sufficient profit incentives for enterprises to pursue sustainable development. Therefore, government regulation and policies must play a role, following a path of “social initiative—regulatory constraints—policy incentives—policy withdrawal”, transitioning from government regulation to corporate voluntary action. Second, without the leverage of market mechanisms, green technologies themselves lack the motivation and capacity for sustainable development. Therefore, it is necessary to rely on market forces, following a path of “technological breakthrough—technology diffusion—market expansion—profit acquisition”, to organically integrate the goals of green transformation and corporate profitability. In the growth period of green innovation, regulatory constraints and policy incentives play an especially important role. In the mature period, the market will become the dominant force driving green transformation. |
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| ISSN: | 2038-5242 2038-5250 |