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GTAP Resources: Resource Display

GTAP Resource #4837

"The End of A Romance? A Note on the Quantitative impacts of Brexit"
by Boulanger, Pierre and George Philippidis

This study suggests UK equivalent variation (EV) gains of €8.9 billion on withdrawal from the EU budget. Factoring in associated trade facilitation costs from the loss of UK access to the single market, annual UK EV losses could be as high as €14.0 billion, with the EU28 facing a corresponding loss of €40.4 billion. Interestingly, the extrapolated UK gain arising from withdrawal from the ‘CAP’ component of the EU budget exceeds estimated lower and upper bound trade facilitation costs exclusively on EU agrofood trade. Accordingly, the UK should realistically remain as an EU member, although continue to lobby for reductions in the CAP budget.

Resource Details (Export Citation) GTAP Keywords
Category: Other CGE Application
Status: Published
By/In: Journal of Agricultural Economics
Date: 2015
Created: Philippidis, G. (6/9/2015)
Updated: Batta, G. (4/27/2017)
Visits: 1,309
- Dynamic modeling
- Economic growth
- Domestic policy analysis
- Non-Tariff barriers
- Preferential trading arrangements
- The GTAP Data Base and extensions
- European Union

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