PATH DEPENDENCE PROBLEM AND POSSIBILITIES OF ITS OVERCOMING

On 27 September, 2014, the Faculty of Economics of Lomonosov MSU celebrated the 60th anniversary of the dean Alexander Auzan in the form of a scientific discussion. The subject matter of the symposium was “The institutional issues of the long-term socio-economic dynamics”. The symposium was attended by more than 400 people including I. Abankina, T. Abankina, A. Aksakov, L. Alexeyeva, A. Arkhangelsky, Y. Beletsky, A. Dolgin, R. Enikolopov, S. Glazyev, A. Gnedovsky, A. Isaykin, R. Kapelyushnikov, G. Kleiner, B. Lapidus, A. Levinson, P. Medvedev, A. Nechayev, R. Nureev, L. Ovcharova, V. Polterovich, K. Rogov, A. Savatyugin, S. Shapiguzov, B. Skvortsov, G. Tosunyan, K. Zimarin, D. Zimin, N. Zubarevich. Elvira Nabiullina, a graduate of the Faculty and the head of the Faculty’s Board of Trustees, opened the symposium. Alexander Auzan presented the keynote speech where he addressed such topics as path dependence, modernization as an issue and as a hypothesis, the role of informal institutions and universities. The discussion was moderated by Ilya Lomakin-Rumyantsev, the vice-president of the Faculty’s Development Council. The path dependence problem is presented in the article from an interdisciplinary perspective. First insights into this problem appeared in the writings of Russian philosophers of the late XIX - early XX century, long before the American economists received the Nobel Prize for framing of the problem. Later the problem was specified in quantitative studies, followed by some versions of explanations. The new political economy raises the question of what can be done to cope with the problem and why certain hypotheses have failed. Individual studies of the author and his colleagues are primarily related to the role of universities.

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Chain indices of the cost-of-living and the path-dependence problem: An empirical solution

Journal of Econometrics ◽

10.1016/j.jeconom.2008.02.001 ◽

2008 ◽

Vol 144 (1) ◽

pp. 306-324 ◽

Cited By ~ 9

Author(s):

Nicholas Oulton

Keyword(s):

Path Dependence ◽

Cost Of Living ◽

Dependence Problem ◽

Chain Indices ◽

The Cost

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The “path dependence effect” and its application for regional studies (case of Kaliningrad oblast)

Regional'nye issledovaniya ◽

10.5922/10.5922/1994-5280-2019-2-2 ◽

2019 ◽

pp. 15-24

Author(s):

A. L. Kuznetsova ◽

Yu. M. Zverev

Keyword(s):

Path Dependence ◽

Regional Studies ◽

Main Research ◽

Development Path ◽

Research Areas ◽

Factors Influencing ◽

Kaliningrad Oblast ◽

Dependence Problem ◽

Economic Process ◽

Kaliningrad Region

One of the main questions studying by the economic geography is the reasons for the heterogeneity of the distribution of economic processes in space. For research of this kind, it is extremely important that the researcher uses the idea of he economic process as such, the nature of its dynamics and the factors influencing its development. This paper is devoted to the concept of the “path dependence”, based on the ideas of “dependence on previous development”. The notion is clearly interdisciplinary in nature and can be used and is already used in economic and geographical research. This work is devoted to clarifying the economic and geographical content of the concept of “path dependence” and to show the demonstration of this effect in the socio-economic and spatial development of a particular region (for example, the Kaliningrad region). The paper gives review of the modern state of researches on the “path dependence” problem including main research areas. From the example of the Kaliningrad region development starting from 1945 to date the work shows both mechanism of action of the “path dependence” and mechanism of development path shift. It also describes action of “path dependence” factors and its influence on regional economic development. Apart particularities of the current development of the Kaliningrad region are characterized from the path overlocking perspective.

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From transaction costs to transaction value: Overcoming the frictional paradigm

Voprosy Ekonomiki ◽

10.32609/0042-8736-2020-8-51-81 ◽

2020 ◽

pp. 51-81

Author(s):

D. P. Frolov

Keyword(s):

Transaction Costs ◽

Transaction Cost ◽

Path Dependence ◽

Transaction Cost Economics ◽

Cost Minimization ◽

Low Cost ◽

Coase Theorem ◽

Transactional Analysis ◽

Transaction Sector ◽

Transaction Value

The transaction cost economics has accumulated a mass of dogmatic concepts and assertions that have acquired high stability under the influence of path dependence. These include the dogma about transaction costs as frictions, the dogma about the unproductiveness of transactions as a generator of losses, “Stigler—Coase” theorem and the logic of transaction cost minimization, and also the dogma about the priority of institutions providing low-cost transactions. The listed dogmas underlie the prevailing tradition of transactional analysis the frictional paradigm — which, in turn, is the foundation of neo-institutional theory. Therefore, the community of new institutionalists implicitly blocks attempts of a serious revision of this dogmatics. The purpose of the article is to substantiate a post-institutional (alternative to the dominant neo-institutional discourse) value-oriented perspective for the development of transactional studies based on rethinking and combining forgotten theoretical alternatives. Those are Commons’s theory of transactions, Wallis—North’s theory of transaction sector, theory of transaction benefits (T. Sandler, N. Komesar, T. Eggertsson) and Zajac—Olsen’s theory of transaction value. The article provides arguments and examples in favor of broader explanatory possibilities of value-oriented transactional analysis.

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