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Trade and Geography: Paul Krugman and the 2008 Nobel Prize in Economics

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  • Steven Brakman
  • Harry Garretsen

Abstract

The 2008 Nobel prize for economics was awarded to Paul Krugman for three papers -Krugman (1979, 1980, 1991). In this paper we illustrate that, indeed, these three papers are closely connected. We present - a summary of - the papers using a unified framework. Central in the discussion is the so-called home market effect that was already alluded to in Krugman (1979). We evaluate his work and conclude that these three papers changed and improved the way economists think about trade and geography.

Suggested Citation

  • Steven Brakman & Harry Garretsen, 2009. "Trade and Geography: Paul Krugman and the 2008 Nobel Prize in Economics," CESifo Working Paper Series 2528, CESifo.
    • Handle: RePEc:ces:ceswps:_2528
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. 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.
    2. 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.
    3. Fabien Candau, 2011. "Is Agglomeration Desirable?," Annals of Economics and Statistics, GENES, issue 101-102, pages 203-227.
    4. B. Fingleton & P. Cheshire & H. Garretsen & D. Igliori & J. Gallo & P. McCann & J. McCombie & V. Monastiriotis & B. Moore & M. Roberts, 2009. "Editorial," Spatial Economic Analysis, Taylor & Francis Journals, vol. 4(1), pages 1-4.
    5. 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.
    6. 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.
    7. Jochem, Patrick & Schleich, Joachim, 2012. "Exploring the drivers behind automotive exports in OECD countries: An empirical analysis," Working Papers "Sustainability and Innovation" S3/2012, Fraunhofer Institute for Systems and Innovation Research (ISI).
    8. Schaeffer, Y. & Charlot, S., 2012. "Inequality aversion, income redistribution and economic geography," Working Papers 201204, Grenoble Applied Economics Laboratory (GAEL).

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    More about this item

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative

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