Virtual economic transactions have radically transformed the way we think about trade and
markets in closed and open economies. Continuous decline in costs of information and …

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 …

We develop a simple North–South model of quality ladders to show that the virtual mobility
of labor across time zones, facilitated by the advance in communication technology, can …

In order to derive clear-cut results, international trade theory often makes use of simple small-
scale models, which consist of only small numbers of goods, production factors, and/or …

Virtual markets allow consumers to save time costs to purchase goods and services.
Countries lose relative to the conventional welfare gain when they increase consumption of …

The paper explains how service trade has been facilitated because of the availability and
development of Information and Communication Technology (ICT). With this, the paper …

Trade in services has become an active area in the international scene of the modern
economy. In addition, recent advancement of the information-communication technology …

There have been a significant body of theoretical and empirical work done on the effects of
trade on employment and wage inequality. However, a close study of the extant literature …

In many developing economies rate of unemployment is increasing with skill accumulation
and thereby leading to underemployment. Our paper offers to look at skill formation as a …

This paper revisits the relationship between international trade and economic growth. We
measure trade openness indices separately with respect to intermediate inputs and final …