The Economic Gains from Eliminating U.S. Travel Visas

4 Pages Posted: 24 Sep 2014

See all articles by Robert Lawson

Robert Lawson

Southern Methodist University (SMU) - Strategy & Entrepreneurship Department

Saurav Roychoudhury

Capital University - School of Management

Ryan Murphy

Southern Methodist University (SMU)

Date Written: February 6, 2014

Abstract

The U.S. government requires most foreigners to obtain a travel visa if they wish to travel to America. The purported rationale for this requirement is to prevent unauthorized immigrants, terrorists, and other foreign-originated security threats from coming into the country disguised as tourists. The visa requirements also impose a substantial cost on the American economy by severely inhibiting tourism to the United States. Many sectors of the American economy are heavily dependent on tourist spending. By making it unnecessarily costly and difficult for foreigners to visit the country, the United States is impeding economic growth that would occur under a more sensible visa policy.

Keywords: tourism, tourist visas, visa restrictions

JEL Classification: L83

Suggested Citation

Lawson, Robert and Roychoudhury, Saurav and Murphy, Ryan, The Economic Gains from Eliminating U.S. Travel Visas (February 6, 2014). Cato Institute Economic Development Bulletin No. 19. Available at SSRN: https://ssrn.com/abstract=2500478

Robert Lawson (Contact Author)

Southern Methodist University (SMU) - Strategy & Entrepreneurship Department ( email )

United States

Saurav Roychoudhury

Capital University - School of Management ( email )

2199 E. Main Street
Columbus, OH 43209-2394
United States

Ryan Murphy

Southern Methodist University (SMU) ( email )

6212 Bishop Blvd.
Dallas, TX 75275
United States

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