Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105574
Authors: 
Crafts, Nicholas
Klein, Alexander
Year of Publication: 
2013
Series/Report no.: 
School of Economics Discussion Papers 1302
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.
Subjects: 
intra-national home bias
spatial clustering
manufacturing belt
gravity equation
JEL: 
F14
F18
Document Type: 
Working Paper

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