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The home market effect was first proposed by Corden [3] and was developed by Paul Krugman in a 1980 article. [4] Krugman sought to provide an alternative to the Linder hypothesis. Based on recent research, the home market effect confirms Linder's sentiment that a nation's demand is a predicate for its exports, but does not support Linder's ...
Krugman's International Economics: Theory and Policy, co-authored with Maurice Obstfeld, is a standard undergraduate textbook on international economics. [40] He is also co-author, with Robin Wells, of an undergraduate economics text which he says was strongly inspired by the first edition of Paul Samuelson's classic textbook. [41]
It relates transport costs linearly with distance, and pays these costs by extracting from the arriving volume. The model is attributed to Paul Samuelson's 1954 article in Deardorffs' Glossary of International Economics. [1] Paul Krugman's 1991 paper on Economic Geography [2] is one of the more widely cited papers employing the model.
Paul Krugman (2005). International Economics Theory and Policy. Addison Wesley. ISBN 978-0-321-27884-5. Paul Krugman (1995). Foreign Direct Investment in the United States. Institute for International Economics. ISBN 0-88132-204-0; Simon Collinson & Glenn Morgan (2009). Images of the Multinational Firm. John Wiley & Sons. ISBN 978-1-4051-4700-2
This measure was 3.7% in September, higher than forecasts and much higher than Krugman’s chart. However, this isn’t the first time economists or even Fed officials have dissected inflation ...
The economics of international finance does not differ in principle from the economics of international trade, but there are significant differences of emphasis. The practice of international finance tends to involve greater uncertainties and risks because the assets that are traded are claims to flows of returns that often extend many years ...
Ballooning U.S. debt has stirred growing alarm on Wall Street, but economist Paul Krugman isn't worried and said you shouldn't be either. In a New York Times op-ed on Thursday, the Nobel laureate ...
lead to new supply-side expectations of higher price thresholds (and living standards – we are not the only people that like nice things). Enter stupidity-in-real terms. Commodity critics are failing to factor in that the rules to the game have changed. For example, Rio Tinto, Vale and Xstrata, Brasil’s and London’s largest mining
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