Why do Institutions Change? Case Studies of Changes in the Local Government Finance System in Japan

Masato Miyazaki

Journal of Economic Issues, 2024, vol. 58, issue 2, 517-524

Abstract: This article discusses why and how institutional change occurs, incorporating power and resources into the analysis, using the example of the relationship between the central government and local governments in Japan before and after World War II. Institutional change is not the result of “rational” choices made by the institutional designers, but the “unintended consequences” of deviant behavior of the agents under their control that deviates from the guidance of the institutional designers.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:58:y:2024:i:2:p:517-524

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DOI: 10.1080/00213624.2024.2344428

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