[DOWNLOAD] ~ Complexity and Geographical Economics by Pasquale Commendatore, Saime Kayam & Ingrid Kubin ~ eBook PDF Kindle ePub Free
eBook details
- Title: Complexity and Geographical Economics
- Author : Pasquale Commendatore, Saime Kayam & Ingrid Kubin
- Release Date : January 17, 2015
- Genre: Economics,Books,Business & Personal Finance,Science & Nature,Earth Sciences,Mathematics,Finance,
- Pages : * pages
- Size : 5037 KB
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.
