We build up a simple Ricardian trade model with imperfection in the market for credit which affects the pattern of … good. We argue that in such a framework identical countries will gain from trade without the assumption of comparative …

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 … distribution of capital ownership determines the nature of production and trade. Those producing fragments may engage in external …