Showing 1 - 10 of 26
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 …
Persistent link: https://www.econbiz.de/10011259555
As a country progressively engages in international trade, its factors of production will enter increasingly into the …
Persistent link: https://www.econbiz.de/10009365282
pattern of trade. …
Persistent link: https://www.econbiz.de/10009323236
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 …
Persistent link: https://www.econbiz.de/10011109643
In this paper we attempt to examine the role of social inequality and status effects in driving trade between two … a status and a non-status good. Our model illustrates that when trade opens up, the country characterized by a higher …
Persistent link: https://www.econbiz.de/10011112807
The paper revisits the relationship been reform and corruption. We consider a scenario where less efficient domestic and more efficient foreign firms engaged in Cournot competition bribe the local authorities. The local firm pays for imposing a cost to the foreigners, the foreign firm pays so...
Persistent link: https://www.econbiz.de/10011114205
Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the …
Persistent link: https://www.econbiz.de/10011615862
critical contemporary issues without the ammunitions of a more complex neo-classical system. Trade pampers inequality all … across the globe independent of trade patterns. It is likely to increase growth rate but that rate declines over time …
Persistent link: https://www.econbiz.de/10012425595
This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced … trade only nominal factor prices. International financial flows will not alter pattern of trade, but movement of labour and … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …
Persistent link: https://www.econbiz.de/10013266637
Dixit and Stiglitz (1977) with applications in international trade by Krugman (1979,1980), by modeling fixed and variable … pattern of trade between varieties and output per variety, which is indeterminate in a standard single good Dixit …
Persistent link: https://www.econbiz.de/10012602368