Complexity and Geographical Economics - Topics and Tools (Hardcover)

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.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	Dynamic Modeling and Econometrics in Economics and Finance, 19
Release date:	March 2015
First published:	2015
Editors:	Pasquale Commendatore • Saime Kayam • Ingrid Kubin
Dimensions:	235 x 155 x 22mm (L x W x T)
Format:	Hardcover
Pages:	377
ISBN-13:	978-3-319-12804-7
Categories:	Books > Business & Economics > Economics > Political economy Books > Business & Economics > Economics > Economic systems > General Books > Science & Mathematics > Mathematics > Optimization > Game theory Books > Science & Mathematics > Mathematics > Applied mathematics > General Books > Earth & environment > Geography > Human geography > Economic geography Promotions
LSN:	3-319-12804-3
Barcode:	9783319128047

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