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Institutional entrepreneurs and socio-institutional changes in Medellín, Colombia

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  • Arnault Morisson
  • Eva Panetti

Abstract

During a period of regional structural change, the socio-institutional structure and the techno-economic structure are temporarily decoupled due to the relative inertia of the former compared with the rapid changes in the latter. The lag in the coevolution of the socio-institutional and techno-economic structures generates inefficiencies and instabilities, causing transitional failure. In exploring the rationale for policy intervention, this paper examines the actors that aim to influence socio-institutional changes in Medellín, Colombia. It finds that the private sector, under the informal leadership of the Grupo Empresarial Antioqueño, has played the role of institutional entrepreneurs to influence socio-institutional changes. In regions located on the knowledge periphery, in which the socio-institutional structure has not yet fully coevolved with the novel techno-economic structure, policy-makers can induce socio-institutional changes by learning from regions that have already transitioned to the novel techno-economic paradigm.

Suggested Citation

  • Arnault Morisson & Eva Panetti, 2020. "Institutional entrepreneurs and socio-institutional changes in Medellín, Colombia," Regional Studies, Regional Science, Taylor & Francis Journals, vol. 7(1), pages 35-51, January.
    • Handle: RePEc:taf:rsrsxx:v:7:y:2020:i:1:p:35-51
    DOI: 10.1080/21681376.2019.1703796
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