Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/95911 
Year of Publication: 
2014
Series/Report no.: 
Economics Discussion Papers No. 2014-14
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
This short note tries to argue that distance is not necessarily harmful for trade. It is shown that there may be an increase in the production and volume of trade if time zones of the trading nations are non-overlapping. This implies a positive effect of distance on the volume of trade. It is also shown that exploitation of time zone difference raises welfare and ensures capital accumulation. The note builds on the emerging literature on time zones and pure theory of international trade.
Subjects: 
trade
time zone
JEL: 
F1
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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