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The Brexit Trade Disruption Revisited
Ratio Institute, Stockholm, Sweden. (Internationell ekonomi)
Örebro University, Swedish Business School at Örebro University. (Internationell ekonomi)ORCID iD: 0000-0003-0149-9598
2016 (English)In: The Estey Journal of International Law and Trade Policy, ISSN 1496-5208, Vol. 17, no 1, 41-58 p.Article in journal (Refereed) Published
Abstract [en]

The UK leaving the European Union, a ‘Brexit,’ would have economic and political implications. One of the most profound economic impacts would be on trade—the EU is the UK’s most important trade partner, with approximately half of UK total trade. A Brexit would imply looser economic integration between the UK and EU. In addition to the trade barriers that would arise from leaving the single market, there would also be negative trade policy effects. Previous analyses of the cost of a Brexit to the UK economy in terms of trade have probably underestimated the impact because they overlook the trade- enhancing role of migration. A Brexit would be likely to limit migration, which, in turn, would aggravate the exit’s trade-disruptive effect. 

Place, publisher, year, edition, pages
Saskatoon, Canada: The Estey Centre for Law and Economics in International Trade , 2016. Vol. 17, no 1, 41-58 p.
Keyword [en]
Brexit, migration, trade, trade policy
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-50871OAI: oai:DiVA.org:oru-50871DiVA: diva2:937568
Funder
The Jan Wallander and Tom Hedelius Foundation, W2013-0425:1
Available from: 2016-06-15 Created: 2016-06-15 Last updated: 2017-10-17Bibliographically approved

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Hatzigeorgiou, AndreasLodefalk, Magnus
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CiteExportLink to record
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