On the whole, however, it seems fair to say that the study of economic geography plays at best a marginal role in economic theory. On the face of it, this neglect is surprising. The facts of economic geography are surely among the most striking features of real-world economies, at least...
New trade theory emerged as an explanation of trade in the late 1970s onwards with the pioneering work of Krugman (1979, 1980, 1981, 1986, 1990), Helpman and Krugman (1985, 1989), Brander (1981), Brander and Krugman (1983) among others....
Krugman--increasing returns and economic geography
new trade theorynew economic geographyThis paper reviews Paul Krugman's fundamental contributions to new trade theory (NTT) and new economic geography (NEG) on the occasion of his 2008 Nobel Prize. We appraise the impact his work had on the field of regional science broadly defined, and we ...
But The General Theory of Employment, Interest and Money, despite occasional historical asides, essentially presents an abstract, ahistorical model of the economy; at its core is a little two-equation equilibrium model of the level of employment. And here’s the thing: Keynesian economics, ...
When Krugman received the 2008 Nobel Prize for “his research on international trade and economic geography,” the Nobel Committee cited his early work that “introduced an entirely new theory of international trade.” The Nobel announcement continued: “By having shown the effects of economies of ...
The new approach to trade theory is introduced based on the explanation why intra-industry trade occurs between similar countries. The coreperiphery model is considered as a starting point of the new economic geography with far-reaching consequences for further economic research. Other contribu-tions...
InternationalEconomics:Theoryand Policy EleventhEdition Chapter2 WorldTrade:An Overview Copyright©2018,2015,2012PearsonEducation,Inc.AllRightsReserved Copyright©2018,2015,2012PearsonEducation,Inc.AllRightsReserved LearningObjectives 2.1Describehowthevalueoftradebetweenanytwo...
The Theory of External Economies External Economies and International Trade Economic Geography and Interregional Trade Appendix: Determining Marginal Revenue Chapter 7. International Factor Movements International Labor Mobility International Borrowing and Lending ...
Contrary to what ProfessorKrugmanhas asserted, recent experience contradicts Keynes's theory of the liquidity trap. 与凯恩斯的主张相反, 近期事实与流动性陷阱是相矛盾的. 互联网 An across - the board tariff, as suggested by economist PaulKrugman, would violate WTO rules. ...