Abstract
In the last three decades, research in international economics has seen unprecedented innovation in terms of both theory and empirics. This has established the centrality of trade, within and between countries, to overall economic performance. Anthony J. Venables has been a crucial contributor to this wave of innovation. His legacy contained in his books and papers spans three broad areas: international trade, economic geography and economic development. In particular, he made significant contributions to the body of work that led to Paul Krugman’s Nobel Prize in 2008 for research on new trade theory and the so-called new economic geography. This chapter follows Venables’ academic trajectory through Cambridge, Essex, Oxford, Southampton and LSE, before his final return to Oxford in recent years.
I am grateful to Tony Venables for useful materials and discussions, and to Isabella Fausti for outstanding research assistance.
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Notes
- 1.
Spence was awarded the Nobel Prize in 2001.
- 2.
The following discussion of Tony’s work on natural resources is drawn from OxCarre (2013).
References
Main Works by Anthony J. Venables
Baldwin, R. and A.J. Venables (1995). ‘Regional Economic Integration’. Chapter 31 in G.M. Grossman and K. Rogoff (eds) Handbook of International Economics. Volume 3 Amsterdam: North-Holland: 1,597–1,644.
Baldwin, R. and A.J. Venables (2013). ‘Spiders and Snakes: Offshoring and Agglomeration in the Global Economy’. Journal of International Economics, 90(2): 245–254.
Barba Navaretti, G. and A.J. Venables (2006). Multinational Firms in the World Economy. Princeton: Princeton University Press.
Blackorby, C., W. Schworm and A.J. Venables (1993). ‘Necessary and Sufficient Conditions for Factor Price Equalization’. Review of Economic Studies, 60(2): 413–434.
Collier, P., F. van der Ploeg, M. Spence and A.J. Venables (2010). ‘Managing Resource Revenues in Developing Economies’. IMF Staff Papers, 57(1): 84–118.
Collier, P. and A.J. Venables (2016). ‘Urban Infrastructure for Development’. Oxford Review of Economic Policy, 32(3): 391–409.
Eastwood, R.K. and A.J. Venables (1982). ‘The Macroeconomic Implications of a Resource Discovery in an Open Economy’. Economic Journal, 92(366): 285–299.
Fujita, M., P. Krugman and A.J. Venables (1999). The Spatial Economy: Cities, Regions, and International Trade. Cambridge, MA: MIT Press.
Haaland, J.I. and A.J. Venables (2016). ‘Optimal Trade Policy with Monopolistic Competition and Heterogeneous Firms’. Journal of International Economics, 102(September): 85–95.
Henderson, J.V. and A.J. Venables (2009). ‘The Dynamics of City Formation’. Review of Economic Dynamics, 12(2): 233–254.
Henderson, J., A.J. Venables, T. Regan and I. Samsonov (2016). ‘Building Functional Cities’. Science, 352(6,288): 946–947.
Krugman, P. and A.J. Venables (1995). ‘Globalization and the Inequality of Nations’. Quarterly Journal of Economics, 110(4): 857–880.
Krugman, P. and A.J. Venables (1996). ‘Integration, Specialization, and Adjustment’. European Economic Review, 40(3–5): 959–967.
Lall, S.V., J.V. Henderson and A.J. Venables (2017). Africa’s Cities: Opening Doors to the World. Washington, D.C.: World Bank.
Limão, N. and A.J. Venables (2001). ‘Infrastructure, Geographical Disadvantage, Transport Costs and Trade’. World Bank Economic Review, 15(3): 451–479.
Markusen, J.R. and A.J. Venables (2000). ‘The Theory of Endowment, Intra-Industry and Multi-National Trade’. Journal of International Economics, 52(2): 209–234.
Redding, S. and A.J. Venables (2004). ‘Economic Geography and International Inequality’. Journal of International Economics, 62(1): 53–82.
Ruta, M. and A.J. Venables (2012). ‘International Trade in Natural Resources: Practice and Policy’. Annual Review of Resource Economics, 4: 331–352.
Storper, M. and A.J. Venables (2004). ‘Buzz: Face-to-Face Contact and the Urban Economy’. Journal of Economic Geography, 4(4): 351–370.
Van der Ploeg, F. and A.J. Venables (2011). ‘Harnessing Windfall Revenues: Optimal Policies for Resource-Rich Developing Economies’. Economic Journal, 121(551): 1–30.
Van der Ploeg, F. and A.J. Venables (2013). ‘Absorbing a Windfall of Foreign Exchange: Dutch Disease Dynamics’. Journal of Development Economics, 103(July): 229–243.
Venables, A.J. (1982). ‘Optimal Tariffs for Trade in Monopolistically Competitive Commodities’. Journal of International Economics, 12(3–4): 225–241.
Venables, A.J. (1984). ‘Multiple Equilibria in the Theory of International Trade with Monopolistically Competitive Commodities’. Journal of International Economics, 16(1–2): 103–121.
Venables, A.J. (1985). ‘Trade and Trade Policy with Imperfect Competition: The Case of Identical Products and Free Entry’. Journal of International Economics, 19(1–2): 1–19.
Venables, A.J. (1987). ‘Trade and Trade Policy with Differentiated Products: A Chamberlinian-Ricardian Model’. Economic Journal, 97(387): 700–717.
Venables, A.J. (1996). ‘Equilibrium Locations of Vertically Linked Industries’. International Economic Review, 37(2): 341–359.
Venables, A.J. (2011). ‘Economic Integration in Remote Resource Rich Regions’. Chapter 7 in R.J. Barro and J.-W. Lee (eds) Costs and Benefits of Economic Integration in Asia. New York: Oxford University Press.
Venables, A.J. (2013). ‘The Wider Gains from Trade’. Unpublished paper.
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Ottaviano, G.I.P. (2021). Anthony J. Venables (1953–). In: Cord, R.A. (eds) The Palgrave Companion to Oxford Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-58471-9_28
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