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Geography and intra-national home bias : U.S. domestic trade in 1949 and 2007
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Crafts, N. F. R. and Klein, Alexander (2013) Geography and intra-national home bias : U.S. domestic trade in 1949 and 2007. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2013 (Number 112).
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Text (Working paper)
WRAP_112.2013_crafts.pdf - Published Version Download (1484Kb) | Preview |
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
This paper examines home bias in U.S. domestic trade in 1949 and 2007. We use a unique
data set of 1949 carload waybill statistics produced by the Interstate Commerce Commission,
and 2007 Commodity Flow Survey data. The results show that home bias was considerably
smaller in 1949 than in 2007 and that home bias in 1949 was even negative for several
commodities. We argue that the difference between the geographical distribution of the
manufacturing activities in 1949 and that of 2007 is an important factor explaining the
differences in the magnitudes of home-bias estimates in those years.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | E History America > E151 United States (General) H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
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Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | United States -- Economic conditions -- 1945-, Manufacturing industries -- United States , Business, Economics -- Mathematical models | ||||
Series Name: | CAGE Online Working Paper Series | ||||
Publisher: | Department of Economics, University of Warwick | ||||
Place of Publication: | Coventry, UK | ||||
Official Date: | January 2013 | ||||
Dates: |
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Volume: | Volume 2013 | ||||
Number: | Number 112 | ||||
Number of Pages: | 54 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Date of first compliant deposit: | 1 August 2016 | ||||
Date of first compliant Open Access: | 1 August 2016 |
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