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Tall paper walls: the political economy of visas and cross-border travel
journal contribution
posted on 2023-06-09, 18:14 authored by Andy MckayAndy Mckay, Tsegay G TekleselassieCross-border travel for business, personal and tourism purposes is an important component of trade in services. In 2013, travel accounted for 25% of services export in the world. Trade in services accounted for 12% of GDP in the world. Hence, the role of travel in many economies is substantial. The current paper studies the determinants of cross-border flows of people with a particular emphasis on the role of visa policies. We adopt the UN General Assembly Affinity Index, a measure of the quality of bilateral relations between nations, to instrument for bilateral visa policy. We find that, ceteris paribus, imposing visa restrictions on a country reduces travel from that country by about 73% in 2010 implying restrictive visa policies discourage cross-border travel significantly. This implies an adverse impact of restrictive visa policies on trade-in-services.
History
Publication status
- Published
File Version
- Published version
Journal
World EconomyISSN
0378-5920Publisher
WileyExternal DOI
Issue
11Volume
41Page range
2914-2933Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2019-06-26First Compliant Deposit (FCD) Date
2019-06-26Usage metrics
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