Inter-temporal co-evolution of divergent economic activities and spatial economic resilience embedded in informal institutions

Bibliographic Data

ID7366738
AuthorsRima Mondal (0000-0002-4828-3164, corresponding author)
Year2023
Volume10
Issue1
Pages763-777
Publication date2023-09-13
Open AccessYes
TypeARTICLE
VenueRegional Studies Regional Science (JOURNAL)
Journal identifiersISSN: 2168-1376 • E-ISSN: 2168-1376
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/21681376.2023.2247478
OpenAlexW4386710566
LanguageEN
Citations received2
References cited51

The emergence of divergent economic activities in the context of developing economies characterised by institutional voids and market failure is a result of changes in the institutional environment and institutional arrangements. This study provides an inter-temporal framework for understanding the emergence of economic activities, institutional change, path dependence, and spatial economic resilience mediated by continuous and reciprocal interactions between economic and institutional agents (formal and informal) at the micro-level. Co-evolutionary studies of divergent economic activities in the Indian city of Delhi have revealed that radical changes in the institutional environment that did not enable retention of the existing ‘lock-in’ and informal institutional arrangements such as social ties and networks led to institutional drift and path exhaustion for the industrial sector. Meanwhile, in the service sector, the response of economic entrepreneurs to changes in the institutional environment has led to technological lock-in and the emergence of supporting informal institutional arrangements. Formal institutional arrangements have undergone institutional layering that has led to economic path creation for the service sector

Business · Context (archaeology · Economic geography · Economic growth · Economic system · Economics · Geography · Informal sector · Institutional change · Institutional economics · Path dependence · Political science · Psychological resilience · Economic and Technological Innovation · Employment and Welfare Studies · Regional resilience and development

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