Crafts, Nicholas; Klein, Alexander - Department of Economics, University of Warwick - 2013
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 …