Home bias in trade puzzle
id:
home-bias-in-trade-puzzle-263-13822504
title:
Home bias in trade puzzle
text:
The home bias in trade puzzle is a widely discussed problem in macroeconomics and international finance, first documented by John T. McCallum in an article from 1995. McCallum showed that for the United States and Canada, inter-province trade is 20 times larger than international trade, holding other determinants of trade fixed. Subsequent estimates by John F. Helliwell and others have whittled this bias down to a factor from 6 to 12. This home bias in trade has later been documented among OECD
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Home_bias_in_trade_puzzle
date created:
date modified:
2024-01-26T07:50:56Z
main entity:
{"identifier":"Q5888941","url":"https://www.wikidata.org/entity/Q5888941"}
image:
fields total:
13
integrity:
13