The purpose of this paper is to present the major contributions of Paul Krugman to economic theory. It shows the contribution and influence that articles of 1979 and 1991 have exerted on the renewal of trade theory and the emergence of new economic geography. In these articles, Krugman...

Using a gravity model, this article presents an analysis of aggregate trade flows aimed at identifying China's impact on Latin America's trade. The results obtained indicate that: i) China's growth in the last years implied a growing supply of exports to this market from most countries in the...

Using a gravity model, this article presents an analysis of aggregate trade flows aimed at identifying China’s impact on Latin America’s trade. The results obtained indicate that: i) China´s growth in the last years implied a growing supply of exports to this market from most countries in...

Spanish Abstract: Haciendo uso de modelos gravitacionales, se analizan los flujos agregados de comercio con el fin de identificar los efectos de China sobre el comercio de América Latina. Entre las principales conclusiones se encuentran las siguientes: i) El crecimiento del mercado chino no fue...

Haciendo uso de modelos gravitacionales, se analizan los flujos agregados de comercio con el fin de identificar los efectos de China sobre el comercio de América Latina. Entre las principales conclusiones se encuentran las siguientes: i) El crecimiento del mercado chino no fue desaprovechado...

Using a gravity model, this article presents an analysis of aggregate trade flows aimed at identifying China’s impact on Latin America’s trade. The results obtained indicate that: i) China´s growth in the last years implied a growing supply of exports to this market from most countries in...

Recently a new approach to political economy has been consolidated. The political analysis of transaction costs is an attempt to solve some of the problems which arise in economic theories of public policy. This paper deals with the notions of transaction costs, institutional efficiency,...

This paper shows how some of the most important concepts of the New Institutional Economics (NIE) can be expressed in terms of Implementation Theory (IT). First, it explains some of the expressions used by the NIE, such as institutions, transaction costs, property rights and methodological...

The aim of this empirical research was to test the influence of some social factors such as social norms, habits and routines, which are actually constraining the entrepreneurial strategy. In order to measure the extent of these influences we have focused on informal arrangements and cooperation...

The paper reviews and discusses the literature on the concept of incentive in management; the visions of ancient Greek philosophers, classical economists, scientific management, agency theory, contracts, property theory and transaction costs theory. The discussion shows that the transaction...