Construct · 1 fields · 1 citations

new trade theory: a standalone construct

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International economics

the account in which economies of scale and consumer love of variety generate trade between similar countries, independent of comparative advantage.

In international economics, new trade theory refers to the account in which economies of scale and consumer love of variety generate trade between similar countries, independent of comparative advantage. This meaning comes from Krugman (1979) in Journal of International Economics.[1]

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Nearby constructs

comparative advantage1 fields · 4 citationsanchor · a standalone construct love2 fields · 2 citationsjingle · one word, two constructs scale3 fields · 3 citationsjingle · one word, three constructs

References

Krugman, P. R. (1979). Increasing returns, monopolistic competition, and international trade. Journal of International Economics, 9(4), 469-479. https://doi.org/10.1016/0022-1996(79)90017-5

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