Economist Holtz-Eakin: Immigration Reform Will Boost Economy

Image: Economist Holtz-Eakin: Immigration Reform Will Boost Economy

Wednesday, 17 Apr 2013 02:32 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
The increase in foreign workers that would result from immigration reform represents a net benefit for the economy, according to a new study by conservative economist Douglas Holtz-Eakin.

Immigration reform would boost economic output and curb budget deficits, the former director of the Congressional Budget Office and president of the American Action Forum says in a new study.

“Immigration reform can raise population growth, labor force growth, and thus growth in GDP,” he writes. “New entrepreneurial vigor embodied in new capital and consumer goods can raise the standard of living.”

During the first 10 years following immigration reform the nation's GDP would increase annually by a 0.25-percentage point, and at the end of that period per-capita GDP would be $1,700 higher, Holtz-Eakin estimates. He said budget deficit would be reduced by a total of $2.7 trillion over the 10 years.

“Immigrants have traditionally displayed an entrepreneurial bent, with rates of small business ownership above that of the native born population,” Holtz-Eakin writes.

“New entrepreneurial vigor offers the potential for productivity‚Äźenhancing innovations. In addition, to the extent that new innovation is ‘embodied’ in new capital and consumer goods,
more rapid economic growth per se means that more output will have these advances embedded
within, and productivity per worker will rise.”



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Report: Dozens of ISIS Supporters Living Openly in US

Wednesday, 01 Oct 2014 09:25 AM

There are dozens of supporters of the Islamic State (ISIS) living openly in the United States, according to research bas . . .

Charles Krauthammer: Obama Surrendered To Iran on Building Nuclear Bomb

Wednesday, 01 Oct 2014 09:24 AM

Washington Post columnist Charles Krauthammer has claimed that 2014 will be remembered as the year that President Barack . . .

Man in Dallas With Ebola Initially Sent Home With Antibiotics

Wednesday, 01 Oct 2014 08:27 AM

A man with Ebola in Dallas was initially sent home from the hospital with antibiotics after seeking treatment for an unk . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved