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Path dependence and regional economic evolution

Martin, R. and Sunley, P. (2006) Path dependence and regional economic evolution Journal of Economic Geography, 6, (4), pp. 395-437. (doi:10.1093/jeg/lbl012).

Record type: Article

Abstract

In recent years, economic geographers have seized on the concepts of `path dependence' and `lock-in' as key ingredients in constructing an evolutionary approach to their subject. However, they have tended to invoke these notions without proper examination of the ongoing discussion and debate devoted to them within evolutionary economics and elsewhere. Our aim in this paper, therefore, is, first, to highlight some of the unresolved issues that surround these concepts, and, second, to explore their usefulness for understanding the evolution of the economic landscape and the process of regional development. We argue that in many important aspects, path dependence and `lock-in' are place-dependent processes, and as such require geographical explanation. However, the precise meaning of regional `lock-in', we contend, is unclear, and little is known about why it is that some regional economies become locked into development paths that lose dynamism, whilst other regional economies seem able to avoid this danger and in effect are able to `reinvent' themselves through successive new paths or phases of development. The issue of regional path creation is thus equally important, but has been rarely discussed. We conclude that whilst path dependence is an important feature of the economic landscape, the concept requires further elaboration if it is to function as a core notion in an evolutionary economic geography.

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More information

Published date: August 2006
Keywords: path dependence, evolution, economic landscape, regional path dependence, regional ‘lock-in’, regional path creation

Identifiers

Local EPrints ID: 55551
URI: http://eprints.soton.ac.uk/id/eprint/55551
ISSN: 1468-2702
PURE UUID: f23b1ed3-eb38-405e-9925-884d99c62ac2

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Date deposited: 01 Aug 2008
Last modified: 17 Jul 2017 14:32

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Contributors

Author: R. Martin
Author: P. Sunley

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