The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives
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The Economy as a Complex Spatial System: Macro, Meso and Micro Perspectives

By Pasquale Commendatore (editor)
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Book Description

This collected volume represents the final outcome of the COST Action IS1104 “The EU in the new complex geography of economic systems: models, tools and policy evaluation”.

Visualizing the EU as a complex and multi-layered network, the book is organized in three parts, each of them dealing with a different level of analysis: At the macro-level, Part I considers the interactions within large economic systems (regions or countries) involving trade, workers migration, and other factor movements. At the meso-level, Part II discusses interactions within specific but wide-ranging markets, with a focus on financial markets and banking systems. Lastly, at the micro-level, Part III explores the decision-making of single firms, especially in the context of location decisions.

Table of Contents
  • Cover
  • Frontmatter
  • Introduction
  • 1. The Macro Perspective – Economic Geography
    • Policy Issues in NEG Models: Established Results and Open Questions
    • Emerging Trade Patterns in a 3-Region Linear NEG Model: Three Examples
    • Advances in Spatial Econometrics: Parametric vs. Semiparametric Spatial Autoregressive Models
    • Looking Ahead: Part I
  • 2. The Meso Perspective – Financial Markets
    • Systemic Risk and Macroeconomic Fat Tails
    • Market Interactions, Endogenous Dynamics and Stabilization Policies
    • Looking Ahead: Part II
  • 3. The Micro Perspective – Social and Industrial Interactions
    • A Dynamic Model of Firms’ Strategic Location Choice
    • Strategic Corporate Social Responsibility by a Local Firm Against a Multinational Enterprise
    • Knowledge Spillovers, Congestion Effects, and Long-Run Location Patterns
    • Looking Ahead: Part III
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