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

Author

Listed:
  • 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.

Suggested Citation

  • Fujita, Masahisa & Thisse, Jacques-François, 2008. "New Economic Geography: an appraisal on the occasion of Paul Krugman's 2008 Nobel Prize in Economics," CEPR Discussion Papers 7063, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:7063
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    References listed on IDEAS

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    Cited by:

    1. Kazunobu Hayakawa, 2014. "Bilateral tariff rates in international trade: finished goods versus intermediate goods," International Economics and Economic Policy, Springer, vol. 11(3), pages 353-370, September.
    2. 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.

    More about this item

    Keywords

    Economic geography; Location theory; Trade; Urban economics;

    JEL classification:

    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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