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This article discusses the main economic contributions of Paul Krugman. Krugman developed the new trade theory, which …
Persistent link: https://www.econbiz.de/10010861115
The Heckscher-Ohlin theory also did not adequately explain why rich entities such as Europe and the United States …
Persistent link: https://www.econbiz.de/10008464249
” trade theory, the “new” growth theory and the “new” economic geography. These are three apparently distinct strands of …
Persistent link: https://www.econbiz.de/10005031599
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 …
Persistent link: https://www.econbiz.de/10005464638
Theory and policy experienced a number of essential changes. Starting in 19th century from deliberations on factor … endowments and trade, as a consequence of new and hardly envisioned trade patterns in the 20th century. While theory was rather … interaction. Concerning innovation the development of the theory of foreign trade is traced (traditional, product cycle, “new …
Persistent link: https://www.econbiz.de/10008596432
Persistent link: https://www.econbiz.de/10008575524
I develop a novel theory of GATT/WTO negotiations. This theory provides new answers to two prominent questions in the … fundamental GATT/WTO principles of reciprocity and nondiscrimination? Relative to the standard terms-of-trade theory of GATT …/WTO negotiations, my theory makes two main contributions: first, it builds on a ‘new trade’ model rather than the neoclassical trade …
Persistent link: https://www.econbiz.de/10010928621
This study explores how relative skilled-wage premia affect FDI. Contrary to previous studies based on factor endowment differences, we find strong support for vertical FDI, in the sense that more FDI is conducted in countries where unskilled labor is relatively cheap. In addition, we find t hat...
Persistent link: https://www.econbiz.de/10005207066
This paper develops a demand function for Greece’s exports of manufactures according to New Trade Theory. The sample … long-run and short-run relationships follow the economic theory and are remarkably stable. It is shown that non …
Persistent link: https://www.econbiz.de/10005321924
I develop a novel theory of GATT/WTO negotiations. This theory provides new answers to two prominent questions in the … fundamental GATT/WTO principles of reciprocity and nondiscrimination? Relative to the standard terms-of-trade theory of GATT …/WTO negotiations, my theory makes two main contributions: first, it builds on a 'new trade' model rather than the neoclassical trade …
Persistent link: https://www.econbiz.de/10005151035