Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/70337
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dc.contributor.authorHan, Jie Chou
dc.contributor.authorHo, Wei Feng
dc.contributor.authorNg, Bryan Wei Hsiang
dc.date.accessioned2017-04-20T07:56:25Z
dc.date.available2017-04-20T07:56:25Z
dc.date.issued2017
dc.identifier.urihttp://hdl.handle.net/10356/70337
dc.description.abstractThis paper examines the effect of visa restrictions on economic exchange and migration flows. Previous studies have not addressed the endogeneity bias of visa restrictions as a result of reverse causality and omitted variable bias. We deal with the endogeneity bias by instrumenting visa restrictions using their somatic/genetic distance and religious/linguistic similarity. To do this, we construct a novel dataset of visa restrictions covering 38,399 dyads for nearly 200 countries. Our results show that visa restrictions have a small but significant negative effect on FDI. For exports and migration flows, we are unable to establish causality as the instruments violate the exclusion restrictions. Our research suggests that restrictive border policies can have detrimental effects on economic outcomes.en_US
dc.format.extent47 p.en_US
dc.language.isoenen_US
dc.rightsNanyang Technological University
dc.subjectDRNTU::Social sciences::Economic theory::Macroeconomicsen_US
dc.titleVisa restrictions and economic exchange : an empirical investigationen_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.schoolSchool of Humanities and Social Sciencesen_US
dc.description.degreeBachelor of Artsen_US
dc.contributor.supervisor2Giovanni Koen_US
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Appears in Collections:HSS Student Reports (FYP/IA/PA/PI)
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