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Journal of Economic Geography Advance Access originally published online on December 17, 2008
Journal of Economic Geography 2009 9(3):329-353; doi:10.1093/jeg/lbn050
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© The Author (2008). Published by Oxford University Press. All rights reserved. For Permissions, please email: journals.permissions@oxfordjournals.org

Evolving economic landscapes: why new institutional economics matters for economic geography

Pernilla S. Rafiqui*

*Department of Economics, Research Group on Economic Geography, Stockholm School of Economics, S-11383 Stockholm, Sweden.

email <pernilla.sjoquist.rafiqui{at}hhs.se>

JEL classifications: B52, D01, D02, R10

As institutional change is an integral part of economic development, institutionalism ought not to be left behind in favour of an evolutionary economic geography despite the attention the ‘evolutionary turn’ has recently received. Rather, we need to re-address our treatment of institutions within the analysis of evolutionary economic landscapes. This paper engages a new institutional economics (NIE) conceptualization that draws on cognitive sciences instead of Darwinism when investigating processes by which institutions and economies change. It finds that NIE offers a useful definition of institutions as well as existing analytical frameworks, both capable of informing our view of the economy as an evolving system in which place and space matter.

Keywords: economic geography, institutional theory, evolutionary geography, IAD framework
Date submitted: 21 February 2008     Date accepted: 21 November 2008


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