Trade and Geography: Paul Krugman and the 2008 Nobel Prize for Economics

Steven Brakman; Harry Garretsen

doi:10.1080/17421770902739120

Trade and Geography: Paul Krugman and the 2008 Nobel Prize for Economics

Steven Brakman^*, Harry Garretsen

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

8 Citations (Scopus)

Abstract

The 2008 Nobel Prize for economics was awarded to Paul Krugman for three papers-Krugman (1979, 1980, 1991). In this paper we illustrate that, indeed, these three papers are closely connected. We present a summary of the papers using a unified framework. Central in the discussion is the so-called home market effect that was already alluded to in Krugman (1979). We evaluate his work and conclude that these three papers changed and improved the way in which economists think about trade and geography.

Original language	English
Pages (from-to)	5-23
Number of pages	19
Journal	Spatial Economic Analysis
Volume	4
Issue number	1
DOIs	https://doi.org/10.1080/17421770902739120
Publication status	Published - Mar-2009

Keywords

Nobel Prize 2008
Paul Krugman
trade
geography
MONOPOLISTIC COMPETITION
INTERNATIONAL-TRADE
INCREASING RETURNS
MARKET
FIRMS
WAGE
COSTS

Access to Document

10.1080/17421770902739120

Cite this

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abstract = "The 2008 Nobel Prize for economics was awarded to Paul Krugman for three papers-Krugman (1979, 1980, 1991). In this paper we illustrate that, indeed, these three papers are closely connected. We present a summary of the papers using a unified framework. Central in the discussion is the so-called home market effect that was already alluded to in Krugman (1979). We evaluate his work and conclude that these three papers changed and improved the way in which economists think about trade and geography.",

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KW - Paul Krugman

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KW - geography

KW - MONOPOLISTIC COMPETITION

KW - INTERNATIONAL-TRADE

KW - INCREASING RETURNS

KW - MARKET

KW - FIRMS

KW - WAGE

KW - COSTS

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