In many developing economies rate of unemployment is increasing with skill accumulation and thereby leading to … also how skill formation or education affects unemployment among the remaining uneducated. We have developed a general … equilibrium model of a small open developing economy incorporating skill formation, unemployment of unskilled labour in the formal …

machines will. Such results change drastically when we consider a model with unemployment and finance dictates real outcomes … much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit …

income distribution. With a minimum wage and unemployment availability of credit affects number of varieties. With imperfect … both with unemployment and imperfect credit market , a result in stark contrast with the conventional model with …