The dependence of trajectory in the institutions: mechanisms reinforcement and learning processes
DOI:
https://doi.org/10.29201/peipn.v13i25.403Keywords:
institutions, increasing, returns, growthAbstract
Institutions change over time. The institutional change is incremental and its direction is path-dependent. In this paper, it is emphasized that the path dependency is not a deterministic inertia but imposes constraints that specifically frame the present decision alternatives of the agents of change. Moreover, it is shown that increasing returns are an important source of permanence of political, economic or social institutions. However, there are also other reinforcing mechanisms that can perpetuate the orientation of institutional frameworks, such as functional ones, of power, legitimating, layering and conversion.
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