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The uneven geographical distribution of economic activities is a huge challenge worldwide and also for the European Union. In Krugmans New Economic Geography economic systems have a simple spatial... Complexity and Geographical Economics: Topics and Tools (Hardcover)
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Complexity and Geographical Economics: Topics and Tools (Hardcover) |
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• SKU: 14091829 • Shipping: $0.00 • ISBN: 9783319128047 • Description: The uneven geographical distribution of economic activities is a huge challenge worldwide and also for the European Union. In Krugmans 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 eyes 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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