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

Author

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  • Steven Brakman
  • Harry Garretsen
Abstract
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 in which economists think about trade and geography. Commerce et Géographie: Paul Krugman et le Prix Nobel 2008 en ÉconomieRésumé Dans la présent communication, nous illustrons la façon dont ces trois communications sont en rapport étroit. Nous présentons un récapitulatif sur ces communications, en suivant un cadre unifié. Au cœur même de ces discussions se trouve ce que l'on appelle l'effet du marché intérieur, déjà évoqué dans Krugman (1979). Nous évaluons cet ouvrage, en concluant que ces communications ont changé et optimisé la façon dont les économistes conçoivent le commerce et la géographie. Comercio y Geografía: Paul Krugman y el Premio Nobel 2008 en EconomíaRésumén En este documento ilustramos que, de hecho, estos tres ensayos están estrechamente relacionados. Presentamos un resumen de los ensayos utilizando un marco unificado. Un factor fundamental del debate es el denominado efecto del mercado nacional, al que ya se había hecho alusión en Krugman (1979). Evaluamos este trabajo y concluimos que estos tres ensayos cambiaron y mejoraron la forma de pensar de los economistas sobre el comercio y la geografía.

Suggested Citation

  • Steven Brakman & Harry Garretsen, 2009. "Trade and Geography: Paul Krugman and the 2008 Nobel Prize for Economics," Spatial Economic Analysis, Taylor & Francis Journals, vol. 4(1), pages 5-23.
    • Handle: RePEc:taf:specan:v:4:y:2009:i:1:p:5-23
    DOI: 10.1080/17421770902739120
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    References listed on IDEAS

    as
    1. Maarten Bosker & Steven Brakman & Harry Garretsen & Marc Schramm, 2007. "Adding Geography to the New Economic Geography," CESifo Working Paper Series 2038, CESifo.
    2. Bernard Fingleton (ed.), 2007. "New Directions in Economic Geography," Books, Edward Elgar Publishing, number 3818.
    3. Richard Baldwin & Rikard Forslid & Philippe Martin & Gianmarco Ottaviano & Frederic Robert-Nicoud, 2005. "Economic Geography and Public Policy," Economics Books, Princeton University Press, edition 1, number 7524.
    4. Kristian Behrens & Andrea R. Lamorgese & Gianmarco I.P. Ottaviano & Takatoshi Tabuchi, 2005. "Testing the 'home market effect' in a multi-country world: A theory-based approach," Temi di discussione (Economic working papers) 561, Bank of Italy, Economic Research and International Relations Area.
    5. Brakman,Steven & Garretsen,Harry & van Marrewijk,Charles, 2009. "The New Introduction to Geographical Economics," Cambridge Books, Cambridge University Press, number 9780521875325, December.
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    Cited by:

    1. 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.
    2. Fabien Candau, 2011. "Is Agglomeration Desirable?," Annals of Economics and Statistics, GENES, issue 101-102, pages 203-227.
    3. 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.
    4. Schaeffer, Y. & Charlot, S., 2012. "Inequality aversion, income redistribution and economic geography," Working Papers 201204, Grenoble Applied Economics Laboratory (GAEL).
    5. 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.
    6. 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.
    7. 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.
    8. 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).

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    More about this item

    Keywords

    Nobel Prize 2008; Paul Krugman; trade; geography; FI; RI; N0;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General

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