NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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What Drives Home Market Advantage?

A. Kerem Cosar, Paul L. E. Grieco, Shengyu Li, Felix Tintelnot

NBER Working Paper No. 21583
Issued in September 2015, Revised in July 2016

---- Acknowledgments ----

We are grateful to Arnaud Costinot, Michael Dinerstein, Jonathan Eaton, Teresa Fort, Charlie Murry, and Ralph Ossa for insightful conversations, to our discussants Treb Allen, Penny Goldberg, Keith Head, Ferdinando Monte and Mahmut Yasar for valuable comments and suggestions, and to seminar participants at the Princeton IES summer workshop, NBER summer institute and various presentations for comments and suggestions. This work was completed in part with resources provided by the University of Chicago Research Computing Center. Kathie Chuang, Jacob Dorn, Adrian Geilen, Zhida Gui, John Lennox, and Ivy Malao provided excellent research assistance. The authors gratefully acknowledge the support of the National Science Foundation (under grants SES-1459950 and SES-1459905). Co┼čar wishes to thank the University of Chicago Booth School of Business' Initiative on Global Markets and Stockholm School of Economics, and Tintelnot wishes to thank the Andrew and Betsy Rosenfield Program in Economics, Public Policy, and Law at the Becker Friedman Institute for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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