Institutions and Institutional Change: Concepts and Theories

Ali Hussein Samadi () and Masoumeh Alipourian ()
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Ali Hussein Samadi: Shiraz University
Masoumeh Alipourian: Shiraz University

A chapter in Dynamics of Institutional Change in Emerging Market Economies, 2021, pp 107-132 from Springer

Abstract: 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.

Keywords: Institution; Institutional changes; Theories (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-61342-6_4

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