Calculating Time Delay
In a near-static gravitational field of moderate strength (say, of stars and planets, but not one of a black hole or close binary system of neutron stars) the effect may be considered as a special case of gravitational time dilation. According to special relativity, the speed of light is constant for measurements in a local reference frame. However, this is not true for non-local paths along which a gravitational field is present. The measured elapsed time of a light signal in a gravitational field is longer than it would be without the field, and for moderate strength near-static fields the difference is directly proportional to the classical gravitational potential, precisely as given by standard gravitational time dilation formulas.
Read more about this topic: Shapiro Delay
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