Success of Path Dependence Through Perpetuation of Failure During Reform

E Kasabov

Economic Issues Journal Articles, 2010, vol. 15, issue 1, 55-82

Abstract: The primary purpose of this paper is to extend current debates about path dependence and to contribute to scholarship by addressing inadequately researched aspects of path dependence: the role of individuals in sustaining long-standing 'inefficient' institutions; the balance of 'path following' and 'path violation'; and path dependent resource utilisation, not resource allocation. These matters are illustrated through and discussed in the context of 'asset-stripping' and 'rent-seeking' in the 2000s and during the earlier, illegal privatisation of state-owned assets in 1990s Bulgaria.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eis:articl:110kasabov

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