as year 1 output of the Action The EU in the New Complex Geography of Economic Systems Models Tools and Policy Evaluation Tentative Title Complexity amp Geographical Economics Topics and ID: 248132
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Slide1
Contributed Volume
as year 1 output of the Action
The EU in the New Complex Geography of Economic Systems. Models, Tools and Policy EvaluationSlide2
Tentative Title:
Complexity & Geographical Economics: Topics and Tools
The
EU in the New Complex Geography of Economic Systems. Models, Tools and Policy Evaluation
Editors:
Pasquale
Commendatore, Saime Kayam, Ingrid KubinSlide3
Publisher
Springer
«
Dynamic Modeling and Econometrics in Economics and
Finance
» Series
edited by Prof.
Semmler
und Prof.
Mittnik
. Slide4
PARTS
corresponding to the working groups of the Action
A. Economic
geography modellingB. Institutions and marketsC. Social and industrial interactions
D. Mathematical and computational methods and tools.Slide5
Economic Geography
G
eographical
distribution of economic activities across space is determined by what the literature denotes with
“first nature”
(
determined by territorial topography, natural resources and geopolitical factors
) &
“
second nature”
(
that
mainly
refer to
human
activity
and
economic
incentives
)
causes .
Economic
activities tend to cluster together taking advantage of proximity to larger markets, scale economies, knowledge
spillovers
, lower transport costs and so on. Slide6
The first 3 chapters of the book will give a survey of the state of the art in this context
New economic geography [Pasquale
Commendatore
, Ingrid Kubin, Theresa
Grafeneder-Weissteiner
]
Empirical methods applied to regional economics [Diana Mendes,
Vivaldo
Mendes]
Di
ff
usion
of Growth and Cycles
in
Continuous
Time and Space
[
Tönu
Puu
]Slide7
Institutions and markets
Institutional capacities are unevenly distributed across space
at
different territorial levels (EU, national, regional and local)They
shape the economic structure and play a crucial role in fostering growth and reducing regional disparities.
Financial
markets are deeply interconnected,
and a
t
the same time
have
a
local dimension which stresses informational advantages enjoyed by financial intermediaries located in proximity of firms.
L
abour
markets have a spatial
dimension
(
regionally fragmented
)
because labour mobility is low as a consequence of language, territorial, cultural, gender, ethnic, age and other barriers across European
c
ommunities
. Slide8
Chapter 4 and 5 will give a survey on financial and labour market issues
Complex Financial Networks and Systemic Risk: A Review [
Spiros
Bougheas,
AlanKirman
]
Regional income disparities,
sectoral
employment and productivity
[Tiiu
Paas,
Liis
Lill
]Slide9
Social and industrial interactions
Decisions which impact on population well-being such as labour
migration movements, households residential choices as well as firms location
decisions may also be affected by lower scale interrelations
.
We need
a
disaggregated analyses of multi-level spatial economic systems focusing on the interrelationship between individual location choices and the economic, social and institutional
environmentSlide10
Chapter 6 and 7 will contribute to these topics:
Industrial organization and location [Mario
Pezzino
, Michael Kopel
]
From gravity to spatial models: Empirical literature on location choice of multinationals [
Saime
Kayam
, Roberto
Basile
]
Oligopolies with R&D collaboration and diffusion along networks [Gian Italo Bischi, Fabio Lamantia]Slide11
Mathematical and computational methods and tools
Spatial and geographical patterns follow complex patterns – exemplified by e.g.path
dependence,
cumulative causation, hysteresis
on
a network structure
So
specific
mathematical and computational methods and tools are required for analysing strategic interaction, heterogeneity, complexity and nonlinear dynamics. Slide12
Chapter 8 to 12 survey some of the methods involved
Modelling regional economics
dynamics
: spatial
dependence, spatial heterogeneity and non-
linearities
[Roberto
Basile
,
Saime
Kayam
,
Román
Mínguez,
Jose María
Montero,
Jesus Mur]
Complex Networks [Luis Miguel Varela Cabo, Giulia Rotundo, Marcel Ausloos]
Spatial interaction in Agent Based
Modeling
: A partial review [
Ugo
Merlone
, Herbert
Dawid
, Marcel
Ausloos
]
Studying the effects of monetary and fiscal policy rules with an agent-based macro model [Frank
Westerhoff
, Reiner
Franke
]
Using An Anthropocentric Trust Management Method for Improving Agents Based
Modeling
in Economics [Denis
Treck
]Slide13
Referee Process:
1
. The editors will assign to each chapter one referee from within the COST
network.2. The task of the referee is twofold: First, to write a “normal” referee report assessing the quality of the contribution. Second, to make positive suggestions in order to improve the chapter (and in order to increase the overall quality of the book).
3
. The editors shall read each of the chapters providing suggestions how to improve the overall consistency of the chapters with each other.Slide14
Time table
Deadline for the Chapters: June 14Deadline for the referee
reports: July 14
Deadline for the revised Chapters: August 31.Deadline for the Book: September 30.