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 journalArticleAcademicpeer-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 languageEnglish
Pages (from-to)5-23
Number of pages19
JournalSpatial Economic Analysis
Volume4
Issue number1
DOIs
Publication statusPublished - Mar-2009

Keywords

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

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