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Trade with Time Zone Differences: Factor Market Implications

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  • Kikuchi, Toru
  • Marjit, Sugata
  • Mandal, Biswajit

Abstract

The main purpose of this study is to illustrate, with a simple two-factor (skilled and unskilled labor) model, how a time-saving improvement in business-services trade benefitting from differences in time zones can have an impact on national factor markets. In doing so, we intend to capture the situation where the night-shift work in one country is replaced by the day-shift work in another country. In other words, we will show that, trade with time zone differences will result in shifts of the relative supplies and demands for skilled labor around the globe.

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File URL: http://mpra.ub.uni-muenchen.de/37931/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 37931.

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Date of creation: 2011
Date of revision: 2012
Handle: RePEc:pra:mprapa:37931

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Keywords: Time Zone Differences; Trade in Business Services; Skilled and Unskilled Labor; Day-shift and Night-shift Work;

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References

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  1. Wilhelm Kohler, 2004. "International outsourcing and factor prices with multistage production," Economic Journal, Royal Economic Society, vol. 114(494), pages C166-C185, 03.
  2. Ronald W. Jones & Sugata Marjit, 2001. "The Role of International Fragmentation in the Development Process," American Economic Review, American Economic Association, vol. 91(2), pages 363-366, May.
  3. Pol Antràs & Luis Garicano & Esteban Rossi-Hansberg, 2006. "Offshoring in a Knowledge Economy," The Quarterly Journal of Economics, MIT Press, vol. 121(1), pages 31-77, 02.
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  7. Lanfranchi, Joseph & Ohlsson, Henry & Skalli, Ali, 2002. "Compensating wage differentials and shift work preferences," Economics Letters, Elsevier, vol. 74(3), pages 393-398, February.
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  10. Toru Kikuchi & Sugata Marjit, 2010. "Growth with Time Zone Differences," Discussion Papers 0920, Graduate School of Economics, Kobe University.
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  23. Marjit, Sugata, 1987. "Trade in Intermediates and the Colonial Pattern of Trade," Economica, London School of Economics and Political Science, vol. 54(214), pages 173-84, May.
  24. Wilhelm Kohler, 2004. "Aspects of International Fragmentation," Review of International Economics, Wiley Blackwell, vol. 12(5), pages 793-816, November.
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Cited by:
  1. Biswajit Mandal & Sugata Marjit, 2012. "Capital inflow, vanishing sector and wage distribution in an economy with corruption related intermediation," Economics Bulletin, AccessEcon, vol. 32(3), pages 2128-2135.

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