Abstract

http://ssrn.com/abstract=1372551
 
 

References (46)



 
 

Citations (4)



 


 



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


J. Peter Neary


University of Oxford - Department of Economics; Centre for Economic Policy Research (CEPR)

March 2009

CEPR Discussion Paper No. DP7231

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.

Number of Pages in PDF File: 46

Keywords: economic geography, imperfect competition, intra-industry trade, monopolistic competition, oligopoly and trade, product differentiation

JEL Classification: F12

working papers series


Date posted: April 7, 2009  

Suggested Citation

Neary, J. Peter, Putting the 'New' into New Trade Theory: Paul Krugman's Nobel Memorial Prize in Economics (March 2009). CEPR Discussion Paper No. DP7231. Available at SSRN: http://ssrn.com/abstract=1372551

Contact Information

J. Peter Neary (Contact Author)
University of Oxford - Department of Economics ( email )
Manor Road Building
Manor Road
Oxford, OX1 3BJ
United Kingdom
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
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