Beladi, Hamid; Chakrabarti, Avik; Marjit, Sugata - Volkswirtschaftliche Fakultät, … - 2014
We build up a Ricardian trade model for a small open economy with imperfection in the market for credit which eventually affects the pattern of production and trade. Workers/entrepreneurs are endowed with different levels “capital” and need to borrow to produce the credit intensive good....