G2TT
来源类型Discussion paper
规范类型论文
来源IDDP13850
DP13850 Voting with their Money: Brexit and Outward Investment by UK Firms
Holger Breinlich; Elsa Leromain; Dennis Novy; Thomas Sampson
发表日期2019-07-11
出版年2019
语种英语
摘要We study the impact of the 2016 Brexit referendum on UK foreign direct investment. Using the synthetic control method to construct appropriate counterfactuals, we show that by March 2019 the Leave vote had led to a 17% increase in the number of UK outward investment transactions in the remaining EU27 member states, whereas transactions in non-EU OECD countries were unaffected. These results support the hypothesis that UK companies have been setting up European subsidiaries to retain access to the EU market after Brexit. At the same time, we find that the number of EU27 investment projects in the UK has declined by around 9%, illustrating that being a smaller economy than the EU leaves the UK more exposed to the costs of economic disintegration.
主题International Trade and Regional Economics
关键词Brexit Foreign direct investment Synthetic control method
URLhttps://cepr.org/publications/dp13850
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/542726
推荐引用方式
GB/T 7714
Holger Breinlich,Elsa Leromain,Dennis Novy,et al. DP13850 Voting with their Money: Brexit and Outward Investment by UK Firms. 2019.
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