| Complexity and Geographical Economics: Topics and Tools 2015 Edition Contributor(s): Commendatore, Pasquale (Editor), Kayam, Saime (Editor), Kubin, Ingrid (Editor) |
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ISBN: 3319128043 ISBN-13: 9783319128047 Publisher: Springer OUR PRICE: $104.49 Product Type: Hardcover - Other Formats Published: March 2015 |
| Additional Information |
| BISAC Categories: - Business & Economics | Urban & Regional - Science | Earth Sciences - Geography - Mathematics | Applied |
| Dewey: 330 |
| Series: Dynamic Modeling and Econometrics in Economics and Finance |
| Physical Information: 0.88" H x 6.14" W x 9.21" (1.59 lbs) 377 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |