Commendatore / Kayam / Kubin Complexity and Geographical Economics

Topics and Tools
2015
ISBN: 978-3-319-12805-4
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band 19, 377 Seiten, eBook

Reihe: Dynamic Modeling and Econometrics in Economics and Finance

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.

Zielgruppe

Research

Autoren/Hrsg.

Commendatore, Pasquale

Kayam, Saime

Kubin, Ingrid

Inhaltsverzeichnis

Introduction.- Part A. Economic Geography Modelling.- Part B. Institutions and Markets.- Part C. Industrial Interactions.