Complexity and Geographical Economics

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Détails du livre

Titre : Complexity and Geographical Economics
Pages : 377
Collection : Dynamic Modeling and Econometrics in Economics and Finance
Parution : 2015-02-17
Éditeur : Springer
EAN papier : 9783319128047
À propos du livre

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.

Format EPUB - Nb pages copiables : 3 - Nb pages imprimables : 37 - Poids : 3092 Ko - - Prix : 94,94 € - EAN : 9783319128054

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