Complexity and Geographical Economics eBook
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The uneven geographical distribution of economic activities is a huge challenge worldwide and also for the European Union. In Krugman’s New Economic Geography economic systems have a simple spatial structure. This book shows that more sophisticated models should visualise the EU as an evolving trade network with a specific topology and different aggregation levels. At the highest level, economic geography models give a bird eye’s view of spatial dynamics. At a medium level, institutions shape the economy and the structure of (financial and labour) markets. At the lowest level, individual decisions interact with the economic, social and institutional environment; the focus is on firms’ decision on location and innovation. Such multilevel models exhibit complex dynamic patterns – path dependence, cumulative causation, hysteresis – on a network structure; and specific analytic tools are necessary for studying strategic interaction, heterogeneity and nonlinearities.

About the book
Author
Pasquale  Commendatore , Saime  Kayam , Ingrid  Kubin
Imprint
Springer
Collection
Dynamic Modeling and Econometrics in Economics and Finance
Publication date
2015-02-17
Pages
377 pages
Print ISBN
9783319128047
Language
English
Ebook informations
EAN EPUB
9783319128054
Price
£89.50
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Copy count 3
Print count 37
File size 3092 Ko
Ce livre est accessible aux handicaps   Informations accessibility
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