The impact of time zone international trade

Deskripsi

This paper aims to study the impact of time difference on goods export using dataset of US export for year 2000 until 2011. We use gravity model to study the significance of time variable on export of goods. The result suggests that time difference has significant negative impact on US export and the coefficient of the impact is range between 3% and 5%. Adding time difference to the regression successfully reduces the coefficient of distance by 15%. Additionally, the results presented are robust to different dataset as discussed in robustness check.Ada tabel