Path Dependence And Regional Economic Evolution Pdf

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Path Dependence and Regional Economic Evolution

Abstract: The diversification of production and trade is considered almost unanimously a fundamental policy goal, particularly for developing economies whose export baskets are heavily concentrated on a few products. In what direction trade diversification ought to take place is, however, subject to fierce debate. It argues that the endowment of production capabilities technologies, production factors, institutions etc. Contributions along such line argue that defying the initial comparative advantage can be a risky policy decision with high probability of failure. The main objective of this contribution is to use a novel methodology to investigate whether the patterns of diversification of a sample of countries over the period conform or not to the prediction of the PS framework.

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Handbook of Regional Science pp Cite as. This chapter reviews the interpretation and use of this concept within this new field. This model is somewhat restrictive, however, and does not capture the full repertoire of ongoing path-dependent evolutionary trajectories that can be observed in the economic landscape. Skip to main content. This service is more advanced with JavaScript available. Advertisement Hide.

Path dependence

The notion of path dependence has become so popular that it is almost commonplace to describe the development of institutions and organizations as being path dependent. With its increasing popularity, however, the notion of path dependence has progressively lost a specific meaning. Most often it is merely used as a metaphor accentuating that history matters when explaining cultural artefacts. This is all the more regrettable as problems of path dependence seem to trouble an increasing number of institutions and organizations. No doubt explanations of persistence and rigidity can profit a lot from a re-sharpened concept of path dependence building on the ideas as originally put forward by Paul David , , and W.

Path dependence is when the decisions presented to people are dependent on previous decisions or experiences made in the past. Path Dependence exists when a feature of the economy institution, technical standard, pattern of economic development etc. In economics and the social sciences , path dependence refers to either the outcomes at a single point in time, or to long-run equilibria of a process. In common usage, the phrase implies either:. In the first usage, A , "history matters" is true in many contexts; everything has causes, and sometimes different causes lead to different outcomes. This can more simply be explained as "the future development of an economic system is affected by the path it has traced out in the past".

This introductory paper looks at recent debates on the concept of regional economic resilience and focuses on three elements of debate: 1 indicator systems and consideration of the normative content of the concept; 2 the evolutionary dimension of the concept and its inter-disciplinary linkages; 3 the policy dimension and challenges for the development of policy recommendations. The author discusses the state of the debate and presents some directions for future research priorities. In Europe, an intensified discourse on regional economic resilience can be particularly observed in the United Kingdom due to the relatively long duration of the recession, severity of structural challenges and threat of terror attacks experienced there. These elements—vulnerability and exposure to external shocks, i. Furthermore, economic theory has just begun to reflect the origins of resilience concepts in other disciplines such as ecology, engineering, medicine, and also psychology and sociology Martin This introductory paper to the special issue on European experiences with regional economic resilience concepts takes up some theoretical and practical approaches to look at upcoming debates on regional cohesion policies for the coming years. In particular, the inter-disciplinary roots and debates of the concept are considered in order to understand potential differences between the debate on regional economic resilience and other existing concepts and debates.


Request PDF | Path dependence and regional economic evolution | In recent years, economic geographers have seized on the concepts of `path dependence'​.


Understanding Institutional and Organizational Path Dependencies

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However, they have tended to invoke these notions without proper examination of the ongoing discussion and debate devoted to them within evolutionary economics and elsewhere. Our aim in this paper, therefore, is, first, to highlight some of the unresolved issues that surround these concepts, and, second, to explore their usefulness for understanding the evolution of the economic landscape and the process of regional development. The issue of regional path creation is thus equally important, but has been rarely discussed.

Path Dependence and the Spatial Economy: A Key Concept in Retrospect and Prospect

Path dependence and regional economic evolution

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However, they have tended to invoke these notions without proper examination of the ongoing discussion and debate devoted to them within evolutionary economics and elsewhere. Our aim in this paper, therefore, is, first, to highlight some of the unresolved issues that surround these concepts, and, second, to explore their usefulness for understanding the evolution of the economic landscape and the process of regional development. The issue of regional path creation is thus equally important, but has been rarely discussed.

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  1. Calfu O.

    PDF | In recent years, economic geographers have seized on the concepts of '​path dependence' and 'lock-in' as key ingredients in constructing an | Find, read​.

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