Success of Path Dependence Through Perpetuation of Failure During Reform

Edward Kasabov

Research output: Contribution to journalArticlepeer-review

Abstract

The primary purpose of this paper is to extend current debates about path dependence and to contribute to scholarship by addressing inadequately researched aspects of path dependence: the role of individuals in sustaining long-standing 'inefficient' institutions; the balance of 'path following' and 'path violation'; and path dependent resource utilisation, not resource allocation. These matters are illustrated through and discussed in the context of 'asset-stripping' and 'rent-seeking' in the 2000s and during the earlier, illegal privatisation of state-owned assets in 1990s Bulgaria.
Original languageEnglish
Pages (from-to)55-81
Number of pages27
JournalEconomic Issues
Volume15
Issue number1
Publication statusPublished - Mar 2010
Externally publishedYes

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