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Credit rationing in the presence of asset inequality affects production and trade pattern in this paper, but not in the … more equal asset distribution may contract the output of the credit intensive sector as redistribution to the bottom of the … out the possibility that an economy with relatively equal distribution of asset ownership may import capital or credit …
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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 …
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