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Contents: Introduction Roger Fouquet -- Part I. The growth strategy -- 1. Policies for green growth versus policies for no growth: A matter of timing / Richard G. Lipsey -- 2. The limits to green growth / Peter A. Victor and Martin Sers -- 3. Green "agrowth" - the next development stage of rich countries / Jeroen C.J.M. van den Bergh and Stefan Drews -- Part II. The potential for green growth and its impacts -- 4. Path-dependence, innovation and the economics of climate change / Philippe Aghion, Cameron Hepburn, Alex Teytelboym and Dimitri Zenghelis -- 5. Long-term productivity growth and the environment / Alex Bowen -- 6. The challenge of decoupling economic expansion and environmentally damaging energy uses: Can energy efficiency actions deliver cleaner economic expansion? / Karen Turner and Antonios Katris -- 7. Targeted technology strategies for low-carbon economic growth: Linking bottom-up and top-down assessments / Ian Sue Wing and Govinda Timilsina -- 8. Inclusive labour markets for green growth / Alex Bowen -- Part III. The drivers of green growth -- 9. Growth, structural transformation, and the new global agenda: What this means for China and the world / Ehtisham Ahmad, Isabella Neuweg and Nicholas Stern -- 10. Climate change policy, innovation and growth / Antoine Dechezleprêtre, Ralf Martin and Samuela Bassi -- 11. Financing green growth / Gregor Semieniuk and Mariana Mazzucato -- 12. Green startups and local knowledge bases: Newborn suppliers of energy-related technologies in Italian provinces / Alessandra Colombelli and Francesco Quatraro -- 13. Addressing the political economy of green industrial policy with economic geography / Maria Carvalho -- Part IV. Green transformations -- 14. The green growth economy as an engine of development: The case of China / John A. Matthews -- 15. Green growth in South Korea / Jae-Seung Lee -- 16. Reforming energy policy in India: Assessing the options / Ian Parry, Victor Mylonas and Nate Vernon -- 17. Green transformations and state bureaucracy in the global south / Markus Lederer, Linda Wallbott and Frauke Urban -- 18. Economic transformation and green growth for African economies / Russel Bishop and Milan Brahmbhatt -- Part V. Beyond green growth -- 19. Transitioning to smart green growth: Lessons from history / Carlota Perez -- 20. The invisible hand and the weightless economy / Danny Quah -- 21. The transition from a fossil-fuel economy to a knowledge economy / Roger Fouquet and Ralph Hippe -- Index.

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AbstractUsing historical data for the 1700–1914 period, this paper analyses the nature and direction of technical change in Britain. The evidence in this paper indicates that, over this long period, labour‐saving technology adoption was a major response to changes in relative factor prices, thus supporting the hypothesis that 'induced innovation' was a major driver of technical change during the British industrial revolution. Labour saving was made possible and sustained by capital‐augmenting and energy‐augmenting technical change coupled with continuous capital accumulation and abundant energy supplies. This process placed the British economy on a higher capital–labour ratio equilibrium, and was the primary force driving sustained productivity growth, which further raised wages and living standards.