TIME ZONE DIFFERENCE, COMPARATIVE ADVANTAGE AND TRADE: A REVIEW OF LITERATURE
| Autor: | Alaka Shree Prasad, Prasun Bhattacharjee, Biswajit Mandal |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Factor market
Working hours Service 050208 finance Consumer demand media_common.quotation_subject 05 social sciences Time Zone Time zone International economics Market fragmentation lcsh:Social Sciences lcsh:H Comparative Advantage Information and Communications Technology lcsh:Finance lcsh:HG1-9999 0502 economics and business Economics Trade 050207 economics Welfare Comparative advantage media_common |
| Zdroj: | Eurasian Journal of Economics and Finance, Vol 5, Iss 3, Pp 1-16 (2017) |
| ISSN: | 2148-0192 |
| DOI: | 10.15604/ejef.2017.05.03.001 |
| Popis: | 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. |
| Databáze: | OpenAIRE |
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