Path Dependence

Bibliographic Data

ID23714282
AuthorsJinn‐yuh Hsu (0000-0002-6465-6565, National Taiwan University), Yun-Kung Liao (0000-0002-8099-6316, National Taiwan University), Yu‐Kai Liao
Year2017
Pages1-8
Publication date2017-03-06
Peer ReviewedYes
Open AccessYes
TypeCHAPTER
VenueInternational Encyclopedia of Geography (SOURCE_BOOK)
PublisherWiley (PUBLISHER • GB)
DOI10.1002/9781118786352.wbieg0574
OpenAlexW4244162830
ISBN9781118786352
LanguageEN
References cited9

The concept of “path dependence” emphasizes that the set of decisions one can make is influenced by the decisions one has made in the past. In the late 1980s, economists introduced the concept of path dependence to investigate how economic structures are shaped by historical accidents and contingencies. With the influence of path dependence, geographers, such as Boschma, Martin, and Sunley, develop evolutionary economic geography to figure out the evolutional process of economic landscape. Evolutionary economic geographers argue that place dependence as a form of path dependence shapes the trajectory of regional economic development. Moreover, evolutionary economic geographers proposed that path dependence should be considered as a continuous process rather than a series of states of equilibrium. The evolution of economic landscape could be shaped by not only self‐reinforcing and external shock, but also multiple processes and incremental change.

Economic geography · Economics · Evolutionary Economics · Mathematical economics · Neoclassical economics · Path (computing) · Path dependence · Physics · Process (computing) · Set (abstract data type) · Shock (circulatory) · Trajectory · Business Strategy and Innovation · Computer Science · Regional Economics and Spatial Analysis · Regional resilience and development

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