Elgar original reference
Edited by Philip Cooke, Bjørn Asheim, Ron Boschma, Ron Martin, Dafna Schwartz and Franz Tödtling
Chapter 15: Regional Economies as Path-Dependent Systems: Some Issues and Implications
Ron Martin [I]f there is one single area of economics in which path dependence is unmistakable, it is in economic geography – the location of production in space. The long shadow cast by history over location is apparent at all scales, from the smallest to the largest. (Krugman, 1991, 80) Although the assertion that ‘history matters’ has come to be coupled frequently with references to the concept of path dependence, the precise meaning of the latter – and hence the significance of the former expression – more often than not remains rather cloudy . . . A clearer grasp of what the term ‘path dependence’ is about therefore ought to be part of the historical social scientist’s tool-kit. (David, 2007, 92) INTRODUCTION A key research question that has attracted increasing attention in economic geography concerns how the economic landscape evolves through time, and why that evolution takes certain spatial forms and historical trajectories rather than others (see Boschma and Martin, 2007, 2010). There is a growing consensus that ‘history matters’ in regional development, and the notion of path-dependence, originally developed in economics by Paul David and Brian Arthur in the mid- to late 1980s, is now widely viewed as a ‘foundational concept’ for giving analytical content to this belief.1 Indeed, it has been argued that to be ontologically convincing the theorization of regional growth and development has to be firmly rooted in the idea of path-dependent economic evolution (Scott, 2006). Certainly economic geographers now freely employ the concept in their theoretical and empirical work and...
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