Complexity and Geographical Economics: Topics and Tools PDF
Preview Complexity and Geographical Economics: Topics and Tools
Dynamic Modeling and Econometrics in Economics and Finance 19 Pasquale Commendatore Saime Kayam Ingrid Kubin Editors Complexity and Geographical Economics Topics and Tools Dynamic Modeling and Econometrics in Economics and Finance Volume 19 Editors StefanMittnik LudwigMaximillianUniversityMunich Munich,Germany WilliSemmler BielefeldUniversity Bielefeld,Germany and NewSchoolforSocialResearch NewYork,USA Moreinformationaboutthisseriesat http://www.springer.com/series/5859 Pasquale Commendatore • Saime Kayam (cid:129) Ingrid Kubin Editors Complexity and Geographical Economics Topics and Tools 123 Editors PasqualeCommendatore SaimeKayam DepartmentofLaw DepartmentofManagementEngineering UniversityofNaples“FedericoII” IstanbulTechnicalUniversity Naples,Italy Macka,Istanbul Turkey IngridKubin DepartmentofEconomics WUViennaUniversityofEconomicsand Business Vienna,Austria ISSN1566-0419 ISSN2363-8370 (electronic) DynamicModelingandEconometricsinEconomicsandFinance ISBN978-3-319-12804-7 ISBN978-3-319-12805-4 (eBook) DOI10.1007/978-3-319-12805-4 LibraryofCongressControlNumber:2015932772 SpringerChamHeidelbergNewYorkDordrechtLondon ©SpringerInternationalPublishingSwitzerland2015 Thisworkissubjecttocopyright.AllrightsarereservedbythePublisher,whetherthewholeorpartof thematerialisconcerned,specificallytherightsoftranslation,reprinting,reuseofillustrations,recitation, broadcasting,reproductiononmicrofilmsorinanyotherphysicalway,andtransmissionorinformation storageandretrieval,electronicadaptation,computersoftware,orbysimilarordissimilarmethodology nowknownorhereafterdeveloped. Theuseofgeneraldescriptivenames,registerednames,trademarks,servicemarks,etc.inthispublication doesnotimply,evenintheabsenceofaspecificstatement,thatsuchnamesareexemptfromtherelevant protectivelawsandregulationsandthereforefreeforgeneraluse. Thepublisher,theauthorsandtheeditorsaresafetoassumethattheadviceandinformationinthisbook arebelievedtobetrueandaccurateatthedateofpublication.Neitherthepublishernortheauthorsor theeditorsgiveawarranty,expressorimplied,withrespecttothematerialcontainedhereinorforany errorsoromissionsthatmayhavebeenmade. Printedonacid-freepaper SpringerInternational PublishingAGSwitzerlandispartofSpringerScience+Business Media(www. springer.com) Preface The uneven geographical distribution of economic activities is a huge worldwide challenge. For the European Union (EU) regions, this is shown by the deep differenceswithinandacrossnations.Spatialinequalitiesareevolvingthroughtime followingcomplexpatternsdeterminedbyeconomic,geographical,institutionaland socialfactors.TheNewEconomicGeographyapproach,whichwasinitiatedbyP. Krugmanintheearly1990s,describeseconomicsystemsasverysimplifiedspatial structures. Developing a more sophisticated modelling of the EU—visualized as an evolving trade network with a specific topology determined by the number and strength of national, regionaland local links—can provide economic policies specificallydesignedtotakeintoaccountthispervasivenetworkstructureassessing thepositionofbackwardlocationswithinthenetworkandfocussingoninstruments thatfavourinterconnections.TheISCHCOSTActionIS1104“TheEUinthenew complex geography of economic systems: models, tools and policy evaluation” approvedby the EuropeanUnion in 2011and fundedfor the 4-yearperiod2012– 2016 is a network connecting more than 80 researchers in 25 Europeancountries devoted to this task. The Action results are expected to provide a basis for an improved evaluation of such policies, in particular for the European Cohesion Policy,consideringtheirimpactonthewelfarelevelofEUcitizensanditsgeograph- ical distribution. To achieve this objective, the Action enhances interdisciplinary networking combining recent approaches in economics with the most advanced mathematical, empirical and computational methods for analysing complex and non-linearsystems. Thisbook,whichismainlyacollectionofliteraturereviewsonrelevantaspects of the Action, is put together to provide a basis for further analysis and as an introduction into the complex network approach to the European Regional Policy.Thebookconsistsofthreemainparts,i.e.economicgeographymodelling, institutionsandmarkets,andsocialandindustrialinteractions.Eachoftheseparts actually overlaps with separated but complementary lines of research followed in understanding the interlinkages and interactions that emerge at different levels involvingdifferentterritorialunits,institutionsandindividualagents. v vi Preface The prospective readers are expected to be academicians and researchers who demand new tools to pursue their investigations in the field. The contributors are allexpertsoneithertopicsortoolsproposedto examineeconomicgeographyand networksandaremembersofthe Action.Thecontributionsinthe presentvolume werepresentedanddiscussedinanumberofworkshopsandconferencesorganized withintheActionin2012and2013. Naples,Italy P.Commendatore Istanbul,Turkey S.Kayam Vienna,Austria I.Kubin Acknowledgements We should first acknowledge the help of the organizersof Action workshops and conferencesinUrbino(18–19September2012),Lisbon(25–28April2013),Naples (3 May 2013), Madrid (20 May 2013) and Siena (4–6 July 2013). They have provided the necessary environment for fruitful discussions for the experts and membersoftheActionwithoutwhomneithertheconceptionnorthecontentsofthis bookcouldhavebeenachieved.Likewise,wearealsogratefultothecontributorsfor theirtimelyandpatientresponsestoourcommentsintheeditorialandproduction processes. Ourspecialthanksgototheexternalreferees,whonotonlyreviewedthechapters allocated to them but also made significant contributionsto improvethe contents. The editors are grateful to Raffaello Bronzini (Bank of Italy), Julie Le Gallo (CRESE -UniversitédeFranche-Comté)andthe ActionmemberJose S. Cánovas (PolitécnicadeCartagena)fordoinganexcellentandtimelyworkasreferees. We are gratefulto the series editorsStefan Mittnik andWilli Semmler,and we wouldliketogiveourappreciationtoMartinaBihn,RuthMilewski,YuliyaZehand VenkatachalamAnand fromSpringerfor their patientand constructiveattendance duringtheeditorialprocess. vii Contents Introduction ...................................................................... 1 PasqualeCommendatore,SaimeKayam,andIngridKubin PartI EconomicGeographyModelling Towards a MultiregionalNEG Framework: Comparing AlternativeModellingStrategies............................................... 13 PasqualeCommendatore,ValerioFiloso, TheresaGrafeneder-Weissteiner,andIngridKubin ParametricModelsinSpatialEconometrics:ASurvey ..................... 51 DianaA.MendesandVivaldoM.Mendes SemiparametricSpatialAutoregressiveGeoadditiveModels............... 73 RobertoBasile, Saime Kayam,RománMínguez,Jose María Montero,andJesúsMur DiffusionofGrowthandCyclesinContinuousTimeandSpace ........... 99 TönuPuu PartII InstitutionsandMarkets ComplexFinancialNetworksandSystemicRisk:AReview................ 115 SpirosBougheasandAlanKirman MigrationandNetworks ........................................................ 141 DouglasR.Nelson TheResponseofGermanEstablishmentstothe2008–2009 EconomicCrisis .................................................................. 165 LutzBellmann,Hans-DieterGerner,andRichardUpward ix
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