Abstract
Recently, Paul Krugman posed the intriguing question: ’How complex is the economic landscape? He was not thinking of mountains and rivers over which goods are transported and services channelled, but of an abstract landscape, one that represents the dynamics of resource allocation across activities and locations. Given his longstanding interest in international trade, Krugman pointed to some issues that add complexity to the landscape of trade: increasing returns instead of comparative advantage, the prevalence of multiple equilibria, and the extent of path-dependence, to name a few.
1This chapter is based on the preliminary version of a paper accepted for publication in The Annals of Regional Science, vol. 34.
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Batten, D. (2000). Complex Landscapes of Spatial Interaction. In: Reggiani, A. (eds) Spatial Economic Science. Advances in Spatial Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-59787-9_4
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DOI: https://doi.org/10.1007/978-3-642-59787-9_4
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