Virtual trade and comparative advantage [electronic resource] : the fourth dimension / Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi.
The main purpose of this book is to expose economics graduate students and researchers to the most significant development in international trade that has taken place in the recent past. Service transactions now make up a sizeable portion of global trade. Trade in both final and intermediate inputs...
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Singapore :
Springer,
2020.
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| Series: | Kobe University monograph series in social science research.
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| Subjects: |
MARC
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| 245 | 1 | 0 | |a Virtual trade and comparative advantage |h [electronic resource] : |b the fourth dimension / |c Sugata Marjit, Biswajit Mandal, Noritsugu Nakanishi. |
| 260 | |a Singapore : |b Springer, |c 2020. | ||
| 300 | |a 1 online resource (213 pages) | ||
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| 500 | |a Description based upon print version of record. | ||
| 505 | 0 | |a Intro -- Preface -- Contents -- About the Authors -- List of Figures -- An Overview -- 1 Introduction -- Abstract -- 2 Trade and Time Zones-What We Know -- Abstract -- 2.1 Introduction -- 2.2 Theoretical Contribution -- 2.2.1 Communication Network and Fragmentation of Production -- 2.2.1.1 Role of Communication Network -- 2.2.1.2 Fragmentation of Production -- 2.2.2 Time Affecting Trade -- 2.2.2.1 Time Zones and Trade -- 2.2.2.2 Source of Trade and Comparative Advantage -- 2.2.2.3 Location of the Firm -- 2.2.2.4 Shift Working and Trade -- 2.2.2.5 Periodic Intra-Industry Trade. | |
| 505 | 8 | |a 2.2.2.6 Effect on Factor Markets and Production -- 2.2.3 Time Zones and Growth -- 2.3 Empirical Contribution -- 2.3.1 Distance and Time Zones -- 2.3.2 Synchronization and Continuity Effect -- 2.3.3 Evolution of TZ Effect and Non-linearities -- 2.3.4 Some Variables Affecting TZ Effect -- 2.4 Conclusion -- References -- The Time and the Pattern of Trade -- 3 Time Zone Differences and Comparative Advantage in Ricardian Model -- Abstract -- 3.1 Introduction -- 3.2 Time-Difference and Comparative Advantage -- 3.2.1 Technology Transfer -- 3.2.2 Shipment Costs -- 3.3 General Equilibrium. | |
| 505 | 8 | |a 3.4 Conclusion -- Appendix -- Pattern of Trade in General Equilibrium -- References -- 4 Time Zone Differences and Trade in Heckscher-Ohlin Setup -- Abstract -- 4.1 Introduction -- 4.2 The Basic Model -- 4.2.1 Effect of Time Zone Utilization -- 4.2.2 Effect on Factor Prices -- 4.2.3 Effect on Output -- 4.3 Extended Model with Distance -- 4.4 Conclusion -- Appendix 1 -- Appendix 2 -- Appendix 3 -- Appendix 4 -- Inclusion of Informal Sector -- Effect on Factor Prices -- Change in Output -- References -- 5 Time Zones and Trade in Monopolistic Competition -- Abstract -- 5.1 Introduction. | |
| 505 | 8 | |a 5.2 Monopolistically Competitive Model and Trading Equilibrium -- 5.3 Conclusion -- References -- 6 Distance, Production, and Virtual Trade -- Abstract -- 6.1 Introduction -- 6.2 The Story and a Simple Model -- 6.3 Distance and Trade -- 6.4 Conclusion -- Appendix -- References -- Trade, Growth and Inequality -- 7 Time Zone Differences Induced Growth -- Abstract -- 7.1 Introduction -- 7.2 The Model and Analysis -- 7.3 The Impact of a Technological Advance in Communications Networks -- 7.4 Conclusions -- References -- 8 Separated TZ Induced Optimal Growth Through Virtual Trade -- Abstract. | |
| 505 | 8 | |a 8.1 Introduction -- 8.2 Motivating Environment for the Model -- 8.3 Autarkic Equilibrium Without TZ Exploitation -- 8.4 Trade with TZ Exploitation and Growth -- 8.5 Growth with Labor Market Implications -- 8.6 Conclusion -- Appendix 1 -- Optimum Demand for {\varvec m}_{1} and {\varvec m}_{2} -- Appendix 2 -- Appendix 3 -- References -- 9 Virtual Labor Mobility and Its Distributional and Allocative Impacts -- Abstract -- 9.1 Introduction -- 9.2 Motivating Environment and the Basic Model -- 9.2.1 Utility Function and the Supply of Labor -- 9.2.2 Technology. | |
| 500 | |a 9.2.3 Equilibrium Without Trade in Labor Services. | ||
| 520 | |a The main purpose of this book is to expose economics graduate students and researchers to the most significant development in international trade that has taken place in the recent past. Service transactions now make up a sizeable portion of global trade. Trade in both final and intermediate inputs is done virtually through information and communication networks, raising afresh the question of the basis of trade and calling for in-depth investigation. This book succinctly comes up with a relatively new explanation for the basis of trade, thus it adds a new dimension to three existing building blocks: technology, endowment, and returns to scale. Against a backdrop of standard Ricardian and Heckscher-Ohlin competitive models of trade, the chapters of this book nicely introduce the issue of communication cost and the difference in time zones between two trading nations. Then follow many intricate phenomena such as informality, skill formation, growth, wage inequality, and decisions regarding foreign direct investment (FDI). However, imperfectly competitive models are not dealt with in great detail as they deserve more space than can be allotted to them here. Given the nonexistence of any research-oriented in-depth analyses of competitive trade models with time-zone differences, this book is a valuable addition to the resources available to researchers and policymakers interested in deciphering recent developments in global trade patterns and the subsequent welfare effect. | ||
| 650 | 0 | |a Commercial policy. |0 http://id.loc.gov/authorities/subjects/sh85028953. | |
| 700 | 1 | |a Mandal, Biswajit. |0 http://id.loc.gov/authorities/names/nb2008014759 |1 http://isni.org/isni/0000000043058588. | |
| 700 | 1 | |a Nakanishi, Noritsugu, |d 1963- |0 http://id.loc.gov/authorities/names/nr94030395 |1 http://isni.org/isni/000000008246823X. | |
| 776 | 0 | 8 | |i Print version: |a Marjit, Sugata |t Virtual Trade and Comparative Advantage : The Fourth Dimension |d Singapore : Springer,c2020 |z 9789811539053. |
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