We introduce finance in a neo-classical general equilibrium model of production and
international trade to integrate the core microeconomic theory with the theory of finance. The …

Virtual economic transactions have radically transformed the way we think about trade and
markets in closed and open economies. Continuous decline in costs of information and …

Virtual markets allow consumers to save time costs to purchase goods and services.
Countries lose relative to the conventional welfare gain when they increase consumption of …

This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and
trade where capital is introduced outside the production process as a financial capital or …

In many developing economies rate of unemployment is increasing with skill accumulation
and thereby leading to underemployment. Our paper offers to look at skill formation as a …

This paper explores the short run, medium run and long run impact of pandemic on the
contact-intensive entertainment industry in terms of a simple general equilibrium model that …

This essay attempts to build a simple theoretical model of optimization to decipher the effect
of digitalization of a part of the entire production structure which we call here trading or …

This paper aims to explain that distance may not always be harmful for international trade,
unlike the explanations provided by the gravity model. In case of service trade distance may …

This chapter attempts to demonstrate that low rates of public and private investment in the
Indian economy after 75 years of its independence do not do justice to our lofty aspirations …

We check the role of time‐zone difference on offshoring of service tasks when the skill of
labors varies between the partner countries. We frame a model where partner countries are …