Putting the “New” into New Trade Theory: Paul Krugman's Nobel Memorial Prize in Economics

J. Peter Neary

Scandinavian Journal of Economics, 2009, vol. 111, issue 2, 217-250

Abstract: This paper reviews the scientific contributions of Paul Krugman to the study of international trade, on the occasion of his receipt of the 2008 Nobel Memorial Prize in Economics. A simplified exposition is presented of some of his principal findings, including: the effects of trade on firm scale and product diversity in a general model of monopolistic competition; the integration of monopolistic competition with factor endowments theory; the implications of transport costs, including home‐market effects and the possibility of agglomeration in models of economic geography; and the positive and normative consequences of oligopolistic trade.

Date: 2009
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https://doi.org/10.1111/j.1467-9442.2009.01562.x

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Working Paper: Putting the "New" into New Trade Theory: Paul Krugman's Nobel Memorial Prize in Economics (2009)
Working Paper: Putting the "New" into New Trade Theory: Paul Krugman's Nobel Memorial Prize in Economics (2009)
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