Time Zones and FDI with Heterogeneous Firms

Abstract

JEL classification: F12 Keywords: Time Zones, FDI, Heterogeneous Firms --------------------------------------------------------------------------------------------------------* In this paper we are essentially completing the work for Late Toru Kikuchi who was instrumental in developing the basic idea. Sugata Marjit acknowledges the financial assistance from the RBI endowment at CSSSC. Biswajit Mandal thankfully acknowledges the hospitality provided by the University at Albany-SUNY during his visit as C V Raman fellow. We also express thanks to the referee for some helpful comments and suggestions. However, we retain sole responsibility for any remaining errors.

Estimating the general equilibrium effects of services trade liberalization

“…Head and Mayer (2000) found a border effect for the EU for goods trade of 20, while Helliwell (2000) estimated a border effect between Canada and the United States for services between 30 and 43. One may expect distance to be less important for services being traded, as they are not physically shipped; however, the nonstorable nature of services may still imply a double coincidence in both time and space of the proximity between the provider and the consumer (Christen, 2017; Kikuchi & Marjit, 2010). 19 Sharing a common language positively impact trade unless in the construction, land transport, and maritime transport.…”

Book review: Sugata Marjit, Biswajit Mandal, and Noritsugu Nakanishi, Virtual Trade and Comparative Advantage: The Fourth Dimension

“…Part II of this book discusses the implications of virtual trade or time zone difference in different traditional trade models. The authors first review some important existing literatures that study the impacts of time zone on trade, factor markets, growth and empirical relevance including Kikuchi (2009, 2011) and Marjit (2007). Then they study how virtual trade or time zone difference can be incorporated into traditional trade models.…”