has binary support, however, local trade networks are shown to generate spatial unemployment clusters which can persist …

of its detrimental impact on the formation of domestic institutions, such as the security of private property, the …

second half of the 90s showed the necessity of creating sound financial institutions. In addition other institutions e.g. in …

closed economy, this paper concludes that, with the expansion of capital stock both the unemployment rate and the absolute … amount of unemployment will decrease. In an open economy, this paper sets up an asymmetric model, of which only one region … has fixed wage rate. It will help us to investigate how the trading cost would affect the unemployment and output of the …