Article ID Journal Published Year Pages File Type
7392673 World Development 2016 15 Pages PDF
Abstract
The research has generated a micro-social perspective of institutional change, identifying key actors and conditions that may shape grassroots institutional processes in enterprise development. In emerging outcomes, the paper presents insights into the role of dominant entrepreneurs in driving (nested) institutional pathways. This may promote inclusive opportunities for (new) power and wealth through open institutions, in “productive institutional pathways.” Yet it can equally foster distorted economies if exclusive institutions are allowed to prevail in more “destructive institutional pathways.” To further develop micro-institutional theory, the paper argues for a greater appreciation of culture, religion, and fragility.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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