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New Economic Geography: an appraisal on the occasion of Paul Krugman's 2008 Nobel Prize in Economics

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  • Fujita, Masahisa
  • Thisse, Jacques-François

Abstract

Paul Krugman has clarified the microeconomic underpinnings of both spatial economic agglomerations and regional imbalances at national and international levels. He has achieved this with a series of remarkably original papers and books that succeed in combining imperfect competition, increasing returns, and transportation costs in new and powerful ways.Yet, not everything was brand new in New Economic Geography. To be precise, several disparate pieces of high-quality work were available in urban economics and location theory. Our purpose in this paper is to shed new light on economic geography through the lenses of these two fields of economics and regional science.

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Bibliographic Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 7063.

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Date of creation: Dec 2008
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Handle: RePEc:cpr:ceprdp:7063

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Keywords: Economic geography; Location theory; Trade; Urban economics;

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References

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Cited by:
  1. Hayakawa, Kazunobu, 2013. "How serious is the omission of bilateral tariff rates in gravity?," Journal of the Japanese and International Economies, Elsevier, vol. 27(C), pages 81-94.
  2. Hayakawa, Kazunobu, 2011. "Bilateral tariff rates in international trade : finished goods versus intermediate goods," IDE Discussion Papers 304, Institute of Developing Economies, Japan External Trade Organization(JETRO).

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