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Path-dependence in technological and institutional change -- some criticisms and suggestions

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  • Kiwit Daniel

    (Max-Planck Institute for Research into Economic Systems, Jena)

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    Abstract

    La littérature sur le sentier de corrélation met en doute l’efficience du mécanisme de marché en ce qui concerne le choix des technologies et des normes caractérisé par les rendements croissants.Récemment cette idée a attiré l’attention de quelques chercheurs spécialisés dans le processus de changement institutionnel. Dans cet article je soutiens qu’il y a de sérieux défauts dans la manière dont le sentier de corrélation des changements technologiques est habituellement présenté. Le point principal est quoi qu’il en soit le changement institutionnel. Ici, je montre que le concept de sentier de corrélation nécessite quelques modifications avant qu’il ne puisse être appliqué fructueusement.The literature of path-dependence casts doubt on the efficiency of the market mechanism concerning the choice of technologies and standards characterized by increasing returns. Recently this idea has aroused interest among scholars inquiring into the process of institutional change. In this article I argue that there are serious shortcomings in the way pathdependence of technological change is usually presented. The main focus is, however on institutional change. Here I show that the concept ot pathdependence needs some modification before it can fruitfully be applied.

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    File URL: http://www.degruyter.com/view/j/jeeh.1996.7.1/jeeh.1996.7.1.1194/jeeh.1996.7.1.1194.xml?format=INT
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    Bibliographic Info

    Article provided by De Gruyter in its journal Journal des Economistes et des Etudes Humaines.

    Volume (Year): 7 (1996)
    Issue (Month): 1 (March)
    Pages: 1-27

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    Handle: RePEc:bpj:jeehcn:v:7:y:1996:i:1:n:4

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    Web page: http://www.degruyter.com

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    Web: http://www.degruyter.com/view/j/jeeh

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    Cited by:
    1. Gagliardi, Francesca, 2008. "Institutions and economic change: A critical survey of the new institutional approaches and empirical evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 416-443, February.

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