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Krugman's Papers in Regional Science: The 100 dollar bill on the sidewalk is gone and the 2008 Nobel Prize well‐deserved

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  • Kristian Behrens
  • Frédéric Robert‐Nicoud

Abstract

This 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 quantify its influence on papers published in Papers in Regional Science (PIRS) between 1991 and 2009 (vols. 70–87 and papers in press). We then discuss in more detail a few contributions published in PIRS that extend his original analysis in various directions. Finally, we briefly speculate on where NEG is headed to and which are the research directions that should be explored more thoroughly in the future. Resumen Con ocasión de su Premio Nobel de 2008, este artículo revisa las contribuciones fundamentales de Paul Krugman a la nueva teoría del comercio (NTT, por sus siglas en inglés) y a la Nueva Geografía Económica (NEG, por sus siglas en inglés). Valoramos el impacto que ha tenido su trabajo en el campo de la Ciencia Regional en su más amplia definición, y cuantificamos su influencia sobre artículos publicados en Papers in Regional Science (PiRS) entre 1991 y 2009 (vols. 70‐87 y artículos en prensa). A continuación discutimos en más detalle unas pocas contribuciones publicadas en PiRS que amplían su análisis original en varias direcciones. Finalmente, especulamos brevemente sobre adónde se dirige la NEG y cuales son las avenidas de investigación que deberían ser exploradas en mayor profundidad en el futuro.

Suggested Citation

  • Kristian Behrens & Frédéric Robert‐Nicoud, 2009. "Krugman's Papers in Regional Science: The 100 dollar bill on the sidewalk is gone and the 2008 Nobel Prize well‐deserved," Papers in Regional Science, Wiley Blackwell, vol. 88(2), pages 467-489, June.
    • Handle: RePEc:bla:presci:v:88:y:2009:i:2:p:467-489
    DOI: 10.1111/j.1435-5957.2009.00241.x
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    1. B. Fingleton & P. Cheshire & H. Garretsen & D. Igliori & J. Le Gallo & P. McCann & J. McCombie & V. Monastiriotis & B. Moore & M. Roberts, 2009. "Editorial," Spatial Economic Analysis, Taylor & Francis Journals, vol. 4(3), pages 243-248.
    2. Rahman, Jasmeen & Dimand, Robert W., 2021. "The Emergence Of Geographical Economics: At The Contested Boundaries Of Economics, Geography, And Regional Science," Journal of the History of Economic Thought, Cambridge University Press, vol. 43(2), pages 241-261, June.
    3. Fabien Candau, 2011. "Is Agglomeration Desirable?," Annals of Economics and Statistics, GENES, issue 101-102, pages 203-227.
    4. Stephen Gibbons & Henry G. Overman, 2012. "Mostly Pointless Spatial Econometrics?," Journal of Regional Science, Wiley Blackwell, vol. 52(2), pages 172-191, May.
    5. Baltagi, Badi H. & Fingleton, Bernard & Pirotte, Alain, 2014. "Spatial lag models with nested random effects: An instrumental variable procedure with an application to English house prices," Journal of Urban Economics, Elsevier, vol. 80(C), pages 76-86.
    6. Mark D. Partridge, 2010. "The duelling models: NEG vs amenity migration in explaining US engines of growth," Papers in Regional Science, Wiley Blackwell, vol. 89(3), pages 513-536, August.
    7. Fingleton, Bernard, 2010. "Predicting the geography of house prices," LSE Research Online Documents on Economics 33507, London School of Economics and Political Science, LSE Library.
    8. Fabien Candau & Michaël Goujon & Jean-François Hoarau & Serge Rey, 2014. "Real exchange rate and competitiveness of an EU's ultra-peripheral region: La Reunion Island," International Economics, CEPII research center, issue 137, pages 1-21.
    9. Stefan Gruber & Luigi Marattin, 2010. "Taxation, infrastructure and endogenous trade costs in new economic geography," Papers in Regional Science, Wiley Blackwell, vol. 89(1), pages 203-222, March.
    10. Jian Wang & Junqian Xu, 2015. "Home market effect, spatial wages disparity: an empirical reinvestigation of China," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(2), pages 313-333, December.
    11. Jean‐François Ruault & Yves Schaeffer, 2020. "Scalable shift‐share analysis: Novel framework and application to France," Papers in Regional Science, Wiley Blackwell, vol. 99(6), pages 1667-1690, December.
    12. Schaeffer, Y. & Charlot, S., 2012. "Inequality aversion, income redistribution and economic geography," Working Papers 201204, Grenoble Applied Economics Laboratory (GAEL).
    13. Neira, I. & Portela, M. & Vieira, E., 2010. "Social Capital and growth in European regions," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(2).
    14. Luc Anselin, 2010. "Thirty years of spatial econometrics," Papers in Regional Science, Wiley Blackwell, vol. 89(1), pages 3-25, March.
    15. Fabien Candau, 2011. "Is Agglomeration Desirable?," Annals of Economics and Statistics, GENES, issue 101-102, pages 203-227.

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