Putting the 'New' into New Trade Theory: Paul Krugman's Nobel Memorial Prize in Economics
@article{Neary2009PuttingT, title={Putting the 'New' into New Trade Theory: Paul Krugman's Nobel Memorial Prize in Economics}, author={J. Peter Neary}, journal={International Trade eJournal}, year={2009} }
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…
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