Virtual Trade and Comparative Advantage - Marjit, Sugata

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Résumé :
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.

Biographie:
Noritsugu NAKANISHI: Noritsugu Nakanishi is a professor of economics and the current dean of the Graduate School of Economics, Kobe University, Japan. After receiving his Doctor of Economics degree from Kobe University in 1991, he joined the faculty of Kobe University as a lecturer and was promoted to full professor in 2004. He is a member of the Japan Society of International Economics (JSIE), which is an academic association of experts in international economics and related fields in Japan. He won the Kojima Kiyoshi Prize of the JSIE in 2014. In the JSIE, he has held various executive positions such as manager, secretary-general, and standing director over the years, and he was elected to serve as its president from 2016 through 2018. He now is an advisor of the JSIE. In his research, Dr. Nakanishi has been working both on general equilibrium analysis of international trade and welfare and on the applications of game theory to trade policy issues. He has authored two monographs: Theoretical Analysis of Trade Liberalization-Stepwise and Piecemeal Policies and Economic Welfare (Yuhikaku, 1993...

Sommaire:

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 5: Time Zone Differences and Monopolistically Competitive Model

Chapter 6: Distance, Production, and Virtual Trade

Part III: Trade, Growth and Inequality

Chapter 7: Time Zone Differences induced Growth

Chapter 8: Separated Time Zone Induced Growth through Virtual Trade

Chapter 9: Virtual Labor Mobility and its Distributional and Allocative Impacts

Chapter 10: Time Zone Differences, Service Trade and Implications for Factor Prices

Part IV: Firm Heterogeneity, FDI and Financial Capital

Chapter 11: FDI and Skill Formation in Context of Time Zone Differences Induced Trade

Chapter 12: Time Zone Differences, Information Communication Technology, and Mobility of Financial Capital

Chapter 13: Role of FDI and Time Zone Differences in The Presence of Heterogeneous Firms

Part V: Conclusion

Chapter 14: Conclusion and Future AgendaChapter 7: Time Zone Differences induced Growth

Chapter 10: Time Zone Differences, Service Trade and Implications for Factor Prices

Section IV: Firm Heterogeneity, FDI and Financial Capital

Chapter 11: FDI and Skill Formation in Context of Time Zone Differences Induced Trade

Section V: Conclusion

Chapter 14: Conclusion and Future Agenda

Bibliography