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Structuration processes in complex dynamic systems - an overview and reassessment

Gräbner, Claudius and Heinrich, Torsten and Kudic, Muhamed (2016): Structuration processes in complex dynamic systems - an overview and reassessment.

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Abstract

Many questions addressing the emergence and dynamics of economic networks are still unresolved, especially regarding dynamics on and of networks. Previous research shows that processes at the micro-level affect socio-economic systems at aggregated levels. These insights facilitated the development of models taking the network structure explicitly into account. However, what is still missing is a systemic network theory that considers the full complexity of socio-economic systems. We argue that sociological, economic and institutional theories are complementary in many respects and have the potential to fill this gap by providing the theoretical ground for an eclectic network theory. In this paper, we address key concepts that are concerned with structuration processes in socio-economic networks, review and reassess the literature in this field and discuss approaches to explain pattern formation processes at higher aggregation levels. We propose to take advantage of the complementarities of the above outlined yet unconnected research programs.

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