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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]
International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries ...
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.
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 Theory of Interstellar Trade [1] is a paper on hypothetical space trade written in 1978 by the economist Paul Krugman. The paper was first published in March 2010 in the journal Economic Inquiry. [2] He described the paper as something he wrote to cheer himself up when he was an "oppressed assistant professor" caught up in the academic rat ...
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 ...
[6] [1] Krugman's recommendations can be categorised into 4 main remedies: 1. Unfreeze capital markets. 2. Fiscal spending on infrastructure development and directly financing non-financial sector 3. Global rescue orientated to developing countries. 4. Regulation of financial markets to prevent future crisis [15]
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