Measuring the Impact of Sustainable Technological Innovation

Nowadays technology has to support the competitive advantage of countries and at the same time sustainable economic growth patterns. This paper measures the Net Social Utility of Innovations, by a new technometric approach, which provides the sustainable economic impact of innovations on socio-economic systems. The metrics is applied on the innovation of catalytic converter technology and the results show a positive impact of this innovation on geo-economic environments. This approach can provide main information for prediction and control the patterns of innovations in order to support economic and social planning oriented at sustainable development