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Institutions and Institutional Change: Concepts and Theories

In: Dynamics of Institutional Change in Emerging Market Economies

Author

Listed:
  • Ali Hussein Samadi

    (Shiraz University)

  • Masoumeh Alipourian

    (Shiraz University)

Abstract

The failure of some countries to achieve sustainable growth is rooted in the history and poor performance of their social, economic, and political institutions. According to North (Institutions, institutional change and economic performance. Cambridge, Cambridge University Press, 1990), institutional change has defined the course of human societies’ evolution throughout history and is the key to understanding historical changes. Therefore, the process of development has been closely tied with the process of institutional change and the willingness to break connection with the paths already trodden. What is an institution? What are the different types of institutions? What does institutional change mean? In addition, what are the theories of institutional change? These are some important questions that are addressed in this chapter.

Suggested Citation

  • Ali Hussein Samadi & Masoumeh Alipourian, 2021. "Institutions and Institutional Change: Concepts and Theories," Contributions to Economics, in: Nezameddin Faghih & Ali Hussein Samadi (ed.), Dynamics of Institutional Change in Emerging Market Economies, pages 107-132, Springer.
    • Handle: RePEc:spr:conchp:978-3-030-61342-6_4
    DOI: 10.1007/978-3-030-61342-6_4
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    Cited by:

    1. Ren, Meixu & Zhao, Jinxuan & Zhao, Jingmei, 2023. "Why is it difficult for Chinese companies to operate across regions in China?—Evidence from zombie companies," International Review of Financial Analysis, Elsevier, vol. 87(C).

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