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Social Science Knowledge and Induced Institutional Innovation: An Institutional Design Perspective

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  • Ruttan, Vernon W.

Abstract

In 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 development of institutional design principles based on studies of small scale resource management, and by the transition from command and control to market based systems of resource management at the national level in the United States. In a final section I elaborate a pattern model that maps the general equilibrium relationship among change in resource endowments, cultural endowments, technology and institutions.

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Bibliographic Info

Paper provided by University of Minnesota, Department of Applied Economics in its series Staff Papers with number 13784.

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Date of creation: 2005
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Handle: RePEc:ags:umaesp:13784

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Keywords: Institutional and Behavioral Economics;

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Cited by:
  1. Nelson, Richard R., 2007. "What Makes an Economy Productive and Progressive? What Are the Needed Institutions?," Staff Papers, University of Minnesota, Department of Applied Economics 13728, University of Minnesota, Department of Applied Economics.
  2. 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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