This paper explores the implications on trade and wage inequality of introducing financial capital or credit in the … standard Ricardian model of production, where a given amount of start-up credit is used to employ sector specific skilled and … Jones (1971) in a new Ricardian model (NRM) with credit and two types of labour. With an entirely different mechanism from …

outside the production process as a financial capital or credit as per the classical Ricardian wage fund framework. Stock of … credit or financial capital as past savings, finances employment and machines or capital goods used in the process of … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …

outside the production process as a financial capital or credit as per the classical Ricardian wage fund framework. Stock of … credit or financial capital as past savings, finances employment and machines or capital goods used in the process of … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …

outside the production process as a financial capital or credit as per the classical Ricardian wage fund framework. Stock of … credit or financial capital as past savings, finances employment and machines or capital goods used in the process of … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …

outside the production process as a financial capital or credit as per the classical Ricardian wage fund framework. Stock of … credit or financial capital as past savings, finances employment and machines or capital goods used in the process of … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …

This paper explores the implications on trade and wage inequality of introducing financial capital or credit in the … standard Ricardian model of production, where a given amount of start-up credit is used to employ sector specific skilled and … Jones (1971) in a new Ricardian model (NRM) with credit and two types of labour. With an entirely different mechanism from …

outside the production process as a financial capital or credit as per the classical Ricardian wage fund framework. Stock of … credit or financial capital as past savings, finances employment and machines or capital goods used in the process of … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …

real income in the reforming country, while income inequality is reduced to a larger extent for sufficiently small initial … deterioration of terms-of-trade and a decline in both aggregate real income and inequality. …