Complexity and Geographical Economics: Topics and Tools: 19 (Dynamic Modeling and Econometrics in Economics and Finance) - Softcover

Book 12 of 20: Dynamic Modeling and Econometrics in Economics and Finance
 
9783319379838: Complexity and Geographical Economics: Topics and Tools: 19 (Dynamic Modeling and Econometrics in Economics and Finance)
Softcover
ISBN 10: 3319379836 ISBN 13: 9783319379838
Publisher: Springer, 2016

Synopsis

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.

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From the Back Cover

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.​

"About this title" may belong to another edition of this title.

Publisher
Springer
Publication date
2016
Language
English
ISBN 10 
3319379836
ISBN 13 
9783319379838
Binding
Paperback
Number of pages
392
Editor
Commendatore Pasquale, Kayam Saime, Kubin Ingrid

Other Popular Editions of the Same Title

9783319128047: Complexity and Geographical Economics: Topics and Tools: 19 (Dynamic Modeling and Econometrics in Economics and Finance, 19)

Featured Edition

ISBN 10:  3319128043 ISBN 13:  9783319128047
Publisher: Springer, 2015
Hardcover