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 …

This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … in explaining growth gains from trade. Using sectoral level data from WORLD KLEMS Database on industrial productivity and … output and global input output tables to construct the measures of trade openness, our empirical analysis covering 21 …

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 …