In this paper, we construct an elaborate general equilibrium model with a continuum of production fragments for an intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical specialization and trade on growth and inequality for a small...

A basic two-country, single commodity model is considered to formulate the interactive and retaliative policies with regard to restrictions on foreign investment and labor migration. We model quota retaliations using the contingent threat situation. Under three different strategic environments,...

A simple model of international debt is formulated in strategic form game, where a country in financial crisis and on the verge of default is requesting a new loan. On the other hand, a bank, with exposure to the foreign country's debt, contemplates whether it should issue the new loan. We show...

South Asia is one of the world's poorest regions. In this chapter we use a representative household model of South Asia to explore the potential impacts of regional trade liberalization under the auspices of SAFTA on both the distribution of economic gains across the countries of South Asia, and...

We propose a competitive general equilibrium theory of gender discrimination in labor market where male and female workers are equally productive, but the female workers are deliberately paid less than the male due to subjective discrimination. Pioneering works of Becker (1957) and Arrow (1973),...

In this paper, we construct an elaborate general equilibrium model with a continuum of production fragments for an intermediate good, then embed it in a growth model to address the effects of global production fragmentation, vertical specialization and trade on growth and inequality for a small...