Trade and FDI-related impacts of Brexit

Latorre, Maria C. / Zoryana Olekseyuk / Hidemichi Yonezawa
Externe Publikationen (2018)

published on SSRN 30 Apr 2018

Information

We offer a general equilibrium analysis of Brexit incorporating the state-of-the-art differences in productivity and firms’ selection within manufacturing sectors à la Melitz (2003) and multinationals in services. Trade, output and average productivity diminish across most sectors in the UK and the Rest of the European Union (REU), as well as GDP, welfare, wages and capital remuneration. However, the UK loses more due to the missing preferential access to the huge EU market. Emergence of barriers against multinationals explains approximately one third of the negative effect in both the UK and REU. Other regions remain nearly unaffected.

Über die Autorin

Olekseyuk, Zoryana

Ökonomin

Olekseyuk

Weitere Expert*innen zu diesem Thema

Baumann, Max-Otto

Politikwissenschaft 

Berger, Axel

Politikwissenschaft 

Brandi, Clara

Ökonomie und Politikwissenschaft 

Hilbrich, Sören

Ökonomie 

Stender, Frederik

Ökonom 

Stewart, Benjamin

Sozialwissenschaft