Exploring European regional trade

• 成果类型: Article
• 署名作者: Santamaria, Marta; Ventura, Jaume; Yesilbayraktar, Ugur
• 署名单位: University of Warwick; Centre de Recerca en Economia Internacional (CREI); Pompeu Fabra University; Barcelona School of Economics; University of Duisburg Essen
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2023.103747
• 发表日期: 2023
• 关键词: European regional trade; Home bias in trade; Borders and distance

摘要

We use the new dataset of trade flows across 269 European regions in 24 countries constructed in Santamaria et al. (2020) to systematically explore for the first time trade patterns within and across country borders. We focus on the differences between home trade, country trade and foreign trade. We document the following facts: (i) European regional trade has a strong home and country bias, (ii) geographic distance and national borders are important determinants of regional trade, but cannot explain the strong regional home bias and (iii) the home bias is heterogeneous across regions and seems to be driven by political regional borders.(c) 2023 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).