GTAP Resources: Resource Display
| GTAP Resource #5214 |
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"Brexit – an economy-wide Impact Assessment looking into trade, immigration, and Foreign Direct Investment" by Jafari, Yaghoob and Wolfgang Britz Abstract We provide an impact assessment of Brexit along three dimensions: EU market access considering tariffs and non-tariff barriers, impacts of less EU citizen working in the UK and reductions in Foreign Direct Investment. Using a Computable General Equilibrium model integrating the Melitz (2003) framework, we consider capital accumulation and feedback of population size on tax income and demand for public services. In our worst-case scenario with all dimensions considered simultaneously, welfare losses per UK citizen amount to around 1.300 USD, exceeding result of other studies which we link to comprehensive scenario design and applying the Melitz model for manufacturing sectors. Keywords: Brexit, Computable General Equilibrium Modeling, Modern trade theory JEL classification: C68, C63 |
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- Foreign direct investment - Non-Tariff barriers - Preferential trading arrangements - European Union |
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Public Access  GTAP Resource 5214 (488.4 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 1:05:45 PM
