Trade theory and the role of time zones

Marjit, Sugata

doi:10.1016/j.iref.2005.08.002

Cited by 65 publications

(85 citation statements)

References 6 publications

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“…In recent decades, however, a new factor has emerged as a contributor to trade between two countries-the difference in time zones (TZ) (Marjit, 2007). When two countries are located in different time zones their working hours might partially overlap or not overlap at all, the extreme case being where end of a typical workday in one country might coincide with the start of working hours in another.…”

Section: Introductionmentioning

confidence: 99%

“…This was first spelt out in Marjit (2007) where the possibility of trade between countries in different time zones was modeled in a Ricardian framework and such trade was found to be gainful. The author asserts that importing intermediaries from countries located in nonoverlapping time zones can prove to be more gainful than producing the entire product in the domestic country itself.…”

Section: Introductionmentioning

confidence: 99%

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Time Zone Difference, Comparative Advantage and Trade: A Review of Literature

Prasad¹,

Mandal²,

Bhattacharjee³

2017

EJEF

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With the growing development in communication technology and increased fragmentation of production process, services that were once considered non-tradable can now be traded across different nations. In this respect, trading countries located in different time zones of the world with non-overlapping working hours are able to develop a comparative advantage together for the supply of these services. Disintegrating the production of a service across different time zones can allow the production to be completed efficiently and make the product available in the market meeting consumer demand in a timely fashion. In this paper, we have reviewed some of important research that has been conducted in the area of time zone differences and trade. This type of trade further affects the factor market and production patterns of the involved countries and has also been significant for their growth and welfare.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Time Zone Difference, Comparative Advantage and Trade: A Review of Literature

Prasad¹,

Mandal²,

Bhattacharjee³

2017

EJEF

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“…Related to these phenomena, Marjit (2007) examined the role of international time zone differences in a vertically integrated Ricardian framework. It has been shown there that time zone differences emerge as an independent driving force of international trade besides taste, technology and resource endowment.…”

Section: Introductionmentioning

confidence: 99%

Time Zones and FDI with Heterogeneous Firms

Kikuchi

Marjit

Mandal

2016

International Trade and International Finance

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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.

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“…2 It is increasingly recognized that the rapid growth of India's economy is attributable to this kind of business-service trade utilizing time zone differences. 3 Related to these phenomena, Marjit (2007) examined the role of international time zone differences in a vertically integrated Ricardian framework. It has been shown that time zone differences emerge as an independent driving force of international trade besides taste, technology and resource endowment.…”

Section: Introductionmentioning

confidence: 99%