We present two different scenarios of expanding the communication networks (through which the intermediate business services are traded) and examine their consequences on trade patterns in goods and welfare of the countries. The first scenario is the “successive expansion” of a single...

This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian model, which consists of three classes of agents: the workers, the capitalist, and the producers of goods. We introduce and develop an elaborate dynamic wage fund model in the...

This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian model, which consists of three classes of agents: the workers, the capitalist, and the producers of goods. We introduce and develop an elaborate dynamic wage fund model in the...

This paper explores the role of wage fund as the basic source of credit, capital or finance in a dynamic Ricardian model, which consists of three classes of agents: the workers, the capitalist, and the producers of goods. We introduce and develop an elaborate dynamic wage fund model in the...

Part I -- Chapter 1: Introduction -- Chapter 2: Trade and Time Zones – What We Know -- Part II : The Time and The Pattern of Trade -- Chapter 3: Time Zone Differences and Comparative Advantage in Ricardian Model -- Chapter 4: Time Zone Differences and Trade in Heckscher-Ohlin Setup -- Chapter...

Time Zone difference induced changes in trade and factor prices are relatively new concerns in trade literature. Here in this paper we formulate a trade model capturing the issue of Time Zone difference and communication technology revolution together to show that due to these developments...