Institutional Evolution in an Economy Characterized by Basic Industry Decline and Technological Expansion

M. Ray Perryman

Journal of Economic Issues, 1986, vol. 20, issue 2, 481-488

Abstract: This article provides an institutional perspective on a recent effort by the author to develop a comprehensive empirical model of the “high-tech” sector of the Texas economy.1 The model is unique in that it incorporates institutional phenomena into econometric analysis. This approach has been suggested by the author in previous work.2

Date: 1986
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DOI: 10.1080/00213624.1986.11504519

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