The name is absent



examining how uneven spatial distributions of economic activity emerge in a path dependent manner from
these neutral spaces. Thus, although the precise modelling techniques and underlying theoretical
assumptions greatly differ, both evolutionary and neoclassical approaches of economic geography stress
the use of formal models explaining how regional differences come about. Note that this research
questions differs from comparative institutional analysis, in which the regional differences are explanatory
factors rather than the issue to be explained.

Whereas evolutionary economics shares the methodology of formal modelling with neoclassical
economics, it does not share the main theoretical assumptions underling neoclassical models. Rather,
Evolutionary economics has introduced an own set of assumptions, each of which replaces a core
assumption of neoclassical economics (heterogeneity instead of the representative agent, Knightian
uncertainty rather than perfect information, satisficing rather than maximisation). In this view, the specific
set of institutions that agents are subjected to also affect their behaviour and success. These institutions
operate both at the micro-level, as reflected in the central concept of routines guiding firm behaviour, as
well as at the macro-level, as reflected in the concept of innovation systems for example. Thus, in line
with the institutional approach, evolutionary economics acknowledges the importance of institutions in
explaining economic behaviour and difference herein between regions (i.e. ‘real places’).

Figure 3. Interfaces within the triangle of economic geography approaches


institutional economic geography
evolutionary economic geography

15




More intriguing information

1. Les freins culturels à l'adoption des IFRS en Europe : une analyse du cas français
2. LOCAL PROGRAMS AND ACTIVITIES TO HELP FARM PEOPLE ADJUST
3. Backpropagation Artificial Neural Network To Detect Hyperthermic Seizures In Rats
4. The name is absent
5. The name is absent
6. A Pure Test for the Elasticity of Yield Spreads
7. ‘I’m so much more myself now, coming back to work’ - working class mothers, paid work and childcare.
8. Regionale Wachstumseffekte der GRW-Förderung? Eine räumlich-ökonometrische Analyse auf Basis deutscher Arbeitsmarktregionen
9. Quality Enhancement for E-Learning Courses: The Role of Student Feedback
10. Empirical Calibration of a Least-Cost Conservation Reserve Program
11. A Location Game On Disjoint Circles
12. Strategic Planning on the Local Level As a Factor of Rural Development in the Republic of Serbia
13. The name is absent
14. Innovation and business performance - a provisional multi-regional analysis
15. A NEW PERSPECTIVE ON UNDERINVESTMENT IN AGRICULTURAL R&D
16. The name is absent
17. TRADE NEGOTIATIONS AND THE FUTURE OF AMERICAN AGRICULTURE
18. Une Classe de Concepts
19. The name is absent
20. The name is absent