Skill Acquisition, Credit Constraints, and Trade

Tatyana Chesnokova () and Kala Krishna ()

No 12411, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper looks at the effect of credit constraints on skill acquisition when agents have heterogeneous abilities and wealth. We use a two factor general equilibrium model and assume credit markets are absent. We explore the effects of trade on factor earnings as well as the evolution of the distribution of income in small and large economies. Our work suggests that developed countries need to ensure access to education when liberalizing trade to ensure they reap the potential gains from trade.

JEL-codes: F16 O15 O16 (search for similar items in EconPapers)
Date: 2006-08
New Economics Papers: this item is included in nep-dev, nep-dge, nep-fmk and nep-int
Note: ITI
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Citations: View citations in EconPapers (1)

Published as Chesnokova, Tatyana & Krishna, Kala, 2009. "Skill acquisition, credit constraints, and trade," International Review of Economics & Finance, Elsevier, vol. 18(2), pages 227-238, March.

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Journal Article: Skill acquisition, credit constraints, and trade (2009)
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