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.
| Serija: | Dynamic Modeling and Econometrics in Economics and Finance |
| Leidėjas: | Springer Nature Switzerland |
| Išleidimo metai: | 2015 |
| Knygos puslapių skaičius: | 392 |
| ISBN-10: | 3319128043 |
| ISBN-13: | 9783319128047 |
| Formatas: | Knyga kietu viršeliu |
| Kalba: | Anglų |
| Žanras: | Cybernetics and systems theory |
Parašykite atsiliepimą apie „Complexity and Geographical Economics: Topics and Tools“
