In this paper we attempt to model virtual trade resulting from time zone differences in an otherwise Heckscher-Ohlin set up which is absent in the literature. So, this paper tries to add some value to the existing stuff on the trade theory and the role of time zones. In doing so, it has been proved that exploitation of time zone difference benefits skilled labor only under reasonable assumption. Contrarily, in output font, time zone difference exploiting sector expands and the other sector contracts irrespective of any factor intensity assumption. The model has been extended to examine how distance may also lead to similar outcomes. In addition, the model is further extended to explore the effect of virtual trade on an economy also endowed with a huge supply of unskilled labor causing the occurrence of informality and associated corruption. Interestingly trade turns out to be beneficial to unskilled workers and lead to a fall in the number of workers engaged in corrupt activities in the economy though the informal sector expands.

中文翻译：

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时区差异、虚拟贸易和非正式性的简单模型

在本文中，我们尝试对由时区差异导致的虚拟交易进行建模，否则文献中不存在 Heckscher-Ohlin 设置。因此，本文试图为现有的贸易理论和时区作用增加一些价值。这样做已经证明，只有在合理的假设下，利用时区差异才能使熟练劳动力受益。相反，在输出字体中，无论任何因素强度假设如何，时区差异开发部门都在扩大，而其他部门则在收缩。该模型已经扩展到检查距离如何也可能导致类似的结果。此外，该模型进一步扩展以探讨虚拟贸易对同样拥有大量非熟练劳动力供应的经济的影响，从而导致非正规和相关腐败的发生。