@inbook{52fdd9c1362a4918abb9e64164893550,
title = "Institutions and Change: New Horizons in Economic Theory",
abstract = "This chapter is a revised version of a keynote addressing an international gathering of scholars. It was convened to provoke a broad and sincere exchange on new dimensions of state activism as seen through sectoral and country experiences, basically anchored in empirical analyses. What we do in this framework paper is to take a step back and ask if there are new insights that may allow for broader generalizations at the level of economic theory. We attempt to be specific on how institutions matter for economic change. First, we show how institutions may assist change, hinder change or become hollowed and thus become largely irrelevant. Finally, as fourth we try to generalize what follows from all this for broader theory, joining in the renewed discussion on the developmental state paradigm.",
keywords = "Heterodox policy-making, Middle income trap, Post-crisis era, Role of institutions",
author = "L{\'a}szl{\'o} Csaba",
note = "Publisher Copyright: {\textcopyright} 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.",
year = "2021",
doi = "10.1007/978-3-030-71987-6_2",
language = "English",
series = "International Political Economy Series",
publisher = "Palgrave Macmillan",
pages = "13--31",
booktitle = "International Political Economy Series",
}