A cyclical model of institutional change

Abstract

Purpose

Previous research on institutional change has largely ignored its cyclical nature. This paper aims to introduce a four‐phase cyclical model of long‐term institutional change.

Design/methodology/approach

The recurrent patterns of the model have been identified from previous technological revolutions and their accompanying surges of development. The model also incorporates generational theory as a driver of institutional change.

Findings

The model predicts that a multi‐year institutional crisis is currently underway that has important implications for practitioners. The paper also describes proposed solutions to the current crisis.

Originality/value

The model developed synthesizes disparate institutional theories to build a new explanation for long‐term economic development.

Citation

Papenhausen, C. (2009), "A cyclical model of institutional change", Foresight, Vol. 11 No. 3, pp. 4-13. https://doi.org/10.1108/14636680910963909