Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5084328 | International Review of Economics & Finance | 2007 | 8 Pages |
Abstract
International time difference, due to the location of countries in different time zones, determines pattern of trade in a vertically integrated Ricardian model. The idea is related to service trade in the information technology sector. Technological progress helps in generating trade through “nature”-driven comparative advantage. Time-difference emerges as an independent driving force of international trade besides taste, technology and endowment. Our model also predicts that free transfer of technology will improve global welfare.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Sugata Marjit,