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Description
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.
Pages
377 pages
Collection
Dynamic Modeling and Econometrics in Economics and Finance
Parution
2015-02-17
Marque
Springer
EAN papier
9783319128047
EAN EPUB
9783319128054

Informations sur l'ebook
Nombre pages copiables
3
Nombre pages imprimables
37
Taille du fichier
3092 Ko
Prix
94,94 €