Path Dependence, Development, and the Dynamics of Institutional Reform

University of Toronto Law Journal, 2009

U Toronto, Legal Studies Research Paper No. 09-04

49 Pages Posted: 5 Jun 2009

See all articles by Mariana Mota Prado

Mariana Mota Prado

University of Toronto - Faculty of Law

Michael J. Trebilcock

University of Toronto - Faculty of Law

Date Written: April 30, 2009

Abstract

In the past decade, an institutional perspective on development has become increasingly prominent in development thinking. However, the reform experience thus far suggests that if institutions indeed matter for development, we still do not have a firm understanding of how to transforms dysfunctional institutions. Drawing on concrete examples of rule of law and property rights reforms, we argue that path dependence theory can shed some light on past failures and provide guidance for future reforms.

Keywords: Institutional theories, path dependence, rule of law, property rights, and development reforms

JEL Classification: K40, K11, O17, O20

Suggested Citation

Prado, Mariana Mota and Trebilcock, Michael J., Path Dependence, Development, and the Dynamics of Institutional Reform (April 30, 2009). University of Toronto Law Journal, 2009; U Toronto, Legal Studies Research Paper No. 09-04. Available at SSRN: https://ssrn.com/abstract=1415040

Mariana Mota Prado (Contact Author)

University of Toronto - Faculty of Law ( email )

78 and 84 Queen's Park
Toronto, Ontario M5S 2C5
Canada

HOME PAGE: http://www.law.utoronto.ca/faculty/prado

Michael J. Trebilcock

University of Toronto - Faculty of Law ( email )

78 and 84 Queen's Park
Toronto, Ontario M5S 2C5
Canada
416-978-5843 (Phone)
416-978-1279 (Fax)

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