Social science knowledge and induced institutional innovation: an institutional design perspective
AbstractIn this paper I advance a model in which institutional innovation is induced by changes in resource endowments, cultural endowments, and technical change. I also introduce the role of advances in social science knowledge as a source of institutional innovation. The sources of institutional innovation are illustrated by changes in land tenure and labor relations in Philippine agriculture, by the transition from command and control to market-based systems of resource management in the United States, and by the development of institutional design principles based on studies of small-scale resource management. In a final section, I elaborate a pattern model that maps the relationships among changes in resource endowments, cultural endowments, technology, and institutions.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal Journal of Institutional Economics.
Volume (Year): 2 (2006)
Issue (Month): 03 (December)
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- Nelson, Richard R., 2007.
"What Makes an Economy Productive and Progressive? What Are the Needed Institutions?,"
13728, University of Minnesota, Department of Applied Economics.
- Richard R. Nelson, 2006. "What Makes an Economy Productive and Progressive? What Are the Needed Institutions?," LEM Papers Series 2006/24, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Nelson, Richard R., 2008. "What enables rapid economic progress: What are the needed institutions," Research Policy, Elsevier, vol. 37(1), pages 1-11, February.
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