Trade and Economic Geography: a Note on Krugman’s contribution to Economic Theory

Héctor M. Posada and Juan Esteban Vélez Villegas ()
Additional contact information
Juan Esteban Vélez Villegas: Grupo de Estudio Regionales de la Universidad de Antioquia

Lecturas de Economía, 2008, issue 69, 299-311

Abstract: The purpose of this paper is to present the major contributions of Paul Krugman to economic theory. It shows the contribution and influence that articles of 1979 and 1991 have exerted on the renewal of trade theory and the emergence of new economic geography. In these articles, Krugman successfully explains intraindustry trade, trade among developed countries and agglomeration processes, all these phenomena of great importance that had not been satisfactorily explained from the point of view of standard neoclassical models. To do so, he uses a theoretical framework that incorporates monopolistic competition and increasing returns to scale.

Keywords: Increasing returns; monopolistic competition; Paul Krugman; new trade theory; new economic geography. (search for similar items in EconPapers)
JEL-codes: B30 F10 F12 R10 (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/81 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lde:journl:y:2008:i:69:p:299-311

Ordering information: This journal article can be ordered from
Lecturas de Economía, Departamento de Economía, Calle 67, 53-108, Medellin 050010, Colombia.

Access Statistics for this article

Lecturas de Economía is currently edited by Carlos Andrés Vasco Correa

More articles in Lecturas de Economía from Universidad de Antioquia, Departamento de Economía Contact information at EDIRC.
Bibliographic data for series maintained by Carlos Andrés Vasco Correa ().