GTAP Resources: Resource Display
| GTAP Resource #5229 |
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"Impact of TTIP: Taking Brexit into account (updated title: Trade and FDI-related impacts of Brexit) " by Latorre, Maria, Zoryana Olekseyuk and Hidemichi Yonezawa Abstract 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. |
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- Economic growth - Foreign direct investment - Multilateral trade negotiations - Non-Tariff barriers - Preferential trading arrangements - Trade in services - European Union |
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Public Access  GTAP Resource 5229 (811.1 KB) Replicated: 76 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 2:05:45 PM
