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Growth with time zone differences
Authors:Toru Kikuchi  Sugata Marjit
Institution:1. Graduate School of Economics, Kobe University, Kobe 657-8501, Japan;2. Centre for Studies in Social Sciences, Calcutta, India;1. Center for Retirement Research at Boston College, Hovey House, 258 Hammond Street, Chestnut Hill, MA 02467, USA;2. Hanqing Advanced Institute of Economics and Finance, Renmin University of China, 59 Zhongguancun Street, Beijing 100872, PR China;3. School of Finance, Renmin University of China, 59 Zhongguancun Street, Beijing 100872, PR China;1. EQUIPPE, Université de Lille, France;2. EDEHN, Université du Havre and Skema Business School, France;1. University of Stavanger, Norway and Capia AS, Postboks 109, N-9252 Tromsø, Norway;2. School of Business and Economics, UiT – The Arctic University of Norway, N-9037 Tromso, Norway
Abstract:We propose a two-country growth model of intermediate business-services trade that captures the role of time zone differences. It is shown that a time-saving improvement in intermediate business-services trade involving production in different time zones can have a permanent impact on productivity.
Keywords:
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