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The Effect of the Jones Act on Puerto Rico
CATO
2024.05.02
The Merchant Marine Act of 1920 (the Jones Act) requires that maritime vessels moving goods from one US port to another be US-?built, US-?owned, US-?crewed, and US-registered. This protectionist policy raises the cost of maritime shipping between US ports, disadvantaging US domestic trade relative to international trade. The economic burden of higher domestic trade costs falls disproportionately on residents of US islands. Our research attempts to quantify these impacts by estimating the economic costs of the Jones Act on Puerto Rico.