Skill acquisition, credit constraints, and trade

Tatyana Chesnokova*, Kala Krishna

*この研究の対応する著者

研究成果: Article査読

5 被引用数 (Scopus)

抄録

In this paper we develop a general equilibrium model where credit constraints limit the ability of agents with heterogeneous abilities and wealth to acquire skills. We identify a new effect, the induced Rybczynski effect, that works in the opposite direction from the normal supply response and may result in relative supply being downward-sloping. We analyze the effects of trade and show that under some conditions trade may reduce welfare. Finally, we study the effects of trade on income distribution and inequality.

本文言語English
ページ(範囲)227-238
ページ数12
ジャーナルInternational Review of Economics and Finance
18
2
DOI
出版ステータスPublished - 2009 3月
外部発表はい

ASJC Scopus subject areas

  • 経済学、計量経済学
  • 財務

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