Complexity and Geographical Economics: Topics and Tools

Pasquale Commendatore (Curatore)

Saime Kayam (Curatore)

Springer International Publishing AG, 2015

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.

• Curatore: Pasquale Commendatore, Saime Kayam
• Editore: Springer International Publishing AG
• Collana: Dynamic Modeling and Econometrics in Economics and Finance
• Anno: 2015
• Rilegatura: Hardback
• Pagine: 377 p.
• Dimensioni: 235 x 155 mm
• EAN: 9783319128047

Testo in English