Networks and the disappearance of the intranational home bias
| dc.contributor.author | Garmendia-Lazcano, Aitor | |
| dc.contributor.author | Llano, Carlos | |
| dc.contributor.author | Minondo, Asier | |
| dc.contributor.author | Requena, Francisco | |
| dc.date.accessioned | 2024-11-14T14:53:00Z | |
| dc.date.available | 2024-11-14T14:53:00Z | |
| dc.date.issued | 2012-08 | |
| dc.date.updated | 2024-11-14T14:53:00Z | |
| dc.description.abstract | Previous studies have shown that, not only countries, but also regions have a preference to trade within their administrative borders. Using unique trade flows data, we also find a large home bias in Spanish intranational trade. However, we show that this home bias tends to disappear once we take into account the higher density of social and business networks within regions than between regions. We also find that the home bias does not disappear if intranational trade flows are measured in quantity rather than value. This fact might explain why previous studies on other European countries still find an intranational home bias, even when network effects are taken into account. © 2012 Elsevier B.V. | en |
| dc.description.sponsorship | The authors acknowledge financial support from different institutions supporting the corresponding projects: (1) The Spanish Ministry of Science and Innovation (project ECO2010-21643/ECON & project ECO 2011-27619/ECON); (2) TRANSPORTRADE, funded by the IV Pricit-Comunidad de Madrid (www. uam.es/transportrade/); (3) DESTINO, funded by (Colaboración Público-Privada del Ministerio de Ciencia y Tecnología); (4) C-intereg (www.c-intereg.es) funded by ten Spanish Regional Governments and (5) Generalitat Valenciana (project Prometeo/2009/098). | en |
| dc.identifier.citation | Garmendia, A., Llano, C., Minondo, A., & Requena, F. (2012). Networks and the disappearance of the intranational home bias. Economics Letters, 116(2), 178-182. https://doi.org/10.1016/J.ECONLET.2012.02.021 | |
| dc.identifier.doi | 10.1016/J.ECONLET.2012.02.021 | |
| dc.identifier.issn | 0165-1765 | |
| dc.identifier.uri | http://hdl.handle.net/20.500.14454/1872 | |
| dc.language.iso | eng | |
| dc.publisher | Elsevier B.V. | |
| dc.rights | © 2012 Elsevier B.V | |
| dc.subject.other | Home bias | |
| dc.subject.other | State borders | |
| dc.subject.other | Intranational trade | |
| dc.subject.other | Networks | |
| dc.subject.other | Business groups | |
| dc.subject.other | Spain | |
| dc.title | Networks and the disappearance of the intranational home bias | en |
| dc.type | journal article | |
| dcterms.accessRights | metadata only access | |
| oaire.citation.endPage | 182 | |
| oaire.citation.issue | 2 | |
| oaire.citation.startPage | 178 | |
| oaire.citation.title | Economics Letters | |
| oaire.citation.volume | 116 |