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

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

By Pasquale Commendatore (editor)
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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