Hidden Bibliographic Details
| Other authors / contributors: | Commendatore, Pasquale, editor.
Kayam, Saime Suna, editor.
Kubin, Ingrid, editor.
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| ISBN: | 9783319128054
3319128051
3319128043
9783319128047
9783319128047
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| Digital file characteristics: | text file PDF
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| Notes: | Includes bibliographical references.
Online resource; title from PDF title page (SpringerLink, viewed February 26, 2015).
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| Summary: | The uneven geographical distribution of economic activities is a huge challenge worldwide and also for the European Union. In Krugmanℓ́ℓs 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 eyeℓ́ℓs 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 firmsℓ́ℓ decision on location and innovation. Such multilevel models exhibit complex dynamic patterns ℓ́ℓ path dependence, cumulative causation, hysteresis ℓ́ℓ on a network structure; and specific analytic tools are necessary for studying strategic interaction, heterogeneity and nonlinearities.
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| Other form: | Printed edition: 9783319128047
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| Standard no.: | 10.1007/978-3-319-12805-4
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