The impact of financial integration and product market integration is studied in a general equilibrium model with increasing returns in both the manufacturing sector and the financial sector. Firms engage in oligopolistic competition. An increase of the degree of competition in the financial...

Impact of the ability and the degree of openness of a manager on decision making is studied. Whether a more able manager increases or decreases the effort of a subordinate depends on the relative quality of information. Greater openness is a two-edged sword: it increases the likelihood that more...

Impact of economic integration on unemployment is studied in a general equilibrium model in which unemployment is a result of the existence of efficiency wages. Banks provide capital to manufacturing firms and engage in oligopolistic competition. Manufacturing firms choose technologies and also...

The impact of capital accumulation on job creation is an important and interesting issue in economic development. This model provides a general-equilibrium framework for studying technology choice with unemployment in a developing economy based on microfoundations. Unemployment in the urban...

The impact of financial integration and product market integration is studied in a general equilibrium model with increasing returns in both the manufacturing sector and the financial sector. Firms engage in oligopolistic competition. An increase of the degree of competition in the financial...