Click Here to Download: https://ouo.io/jXC6S8 Complexity and Geographical Economics Topics and Tools By: Pasquale Commendatore Publisher: Springer Print ISBN: 9783319128047, 3319128043 eText ISBN: 9783319128054, 3319128051 Copyright year: 2015 Format: EPUB Available from $ 169.00 USD SKU 9783319128054 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.
