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.
Produkteigenschaften
- Artikelnummer: 9783319128047
- Medium: Buch
- ISBN: 978-3-319-12804-7
- Verlag: Springer International Publishing
- Erscheinungstermin: 19.03.2015
- Sprache(n): Englisch
- Auflage: 2015
- Serie: Dynamic Modeling and Econometrics in Economics and Finance
- Produktform: Gebunden
- Gewicht: 7096 g
- Seiten: 377
- Format (B x H x T): 160 x 241 x 27 mm
- Ausgabetyp: Kein, Unbekannt