The DOI matches its Crossref record; 14 of the 14 references it cites were found in a registry or an index.
History Versus Expectations
Open accessAbstract
In models with external economies, there are often two or more long-run equilibria. Which equilibrium is chosen? Much of the literature presumes that “history” sets initial conditions that determine the outcome, but an alternative view stresses the role of “expectations,” i.e., of self-fulfilling prophecy. This paper uses a simple trade model with both external economies and adjustment costs to show how the parameters of the economy determine the relative importance of history and expectations in determining equilibrium.
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Citations
Cites
Increasing returns and long-run growth
Romer, P. M. (1986) · Journal of Political Economy · doi:10.1086/261420 · Cited by 20,149
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Differential Equations, Dynamical Systems, and Linear Algebra
(1974) · Pure and Applied Mathematics · doi:10.1016/s0079-8169(08)x6044-1 · Cited by 3,091
Problems of Industrialisation of Eastern and South-Eastern Europe
Rosenstein-Rodan, P. N. (1943) · The Economic Journal · doi:10.2307/2226317 · Cited by 2,578
Economic theory and underdeveloped regions
Myrdal, G. (1971) · Cited by 1,662
Installed base and compatibility : innovation, product preannouncements and predation
Farrell, J., & Saloner, G. (1986) · RePEc: Research Papers in Economics · Cited by 1,514
The narrow moving band, the Dutch disease, and the competitive consequences of Mrs. Thatcher
Krugman, P. (1987) · Journal of Development Economics · doi:10.1016/0304-3878(87)90005-8 · Cited by 1,172
Self-citationThe Irrelevance of Equilibrium Economics
Kaldor, N. (1972) · The Economic Journal · doi:10.2307/2231304 · Cited by 1,013
Increasing Returns and Economic Progress
Young, A. (2005) · Increasing Returns and Inframarginal Economics · doi:10.1142/9789812701275_0023 · Cited by 706
Decreasing Costs in International Trade and Frank Graham's Argument for Protection
Ethier, W. J. (1982) · Econometrica · doi:10.2307/1911872 · Cited by 214
Cited by
Persistence of power, Elites, and institutions
Acemoglu, D., & Robinson, J. A. (2008) · American Economic Review · doi:10.1257/aer.98.1.267 · Cited by 1,268
Agglomeration in the Global Economy: A Survey of the ‘New Economic Geography’
Ottaviano, G. I. P., & Puga, D. (1998) · The World Economy · doi:10.1111/1467-9701.00160 · Cited by 606
Chapter 58 Agglomeration and economic geography
Ottaviano, G., & Thisse, J.-F. (2004) · Handbook of Regional and Urban Economics · doi:10.1016/s1574-0080(04)80015-4 · Cited by 404
Russia's Struggle with Stabilization: Conceptual Issues and Evidence
Sachs, J. D. (1994) · The World Bank Economic Review · doi:10.1093/wber/8.suppl_1.57 · Cited by 65
Metadata
- Authors
- Krugman, P.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1991-05
- Volume
- 106
- Issue
- 2
- Pages
- 651
- ISSN
- 0033-5533 (ISSN-L)
- OpenAlex
- W2122403554
- Cited by
- 915
- References
- 14
- FWCI
- 40.56
- Type
- journal article
- Language
- en
- Open access
- green
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
