| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP15051
|
| DP15051 Measuring the Regional Economic Cost of Brexit: Evidence up to 2019 |
| Thiemo Fetzer; Shizhuo Wang
|
| 发表日期 | 2020-07-16
|
| 出版年 | 2020
|
| 语种 | 英语
|
| 摘要 | Following the UK's vote to Leave the European Union, the UK's recorded record levels of employment. This led many pundits to claim that the downbeat forecasts for the UK's economy following the Brexit vote was simply capturing that these forecasts were biased and part of ``project fear.'' This paper studies the cost of the Brexit-vote to date across UK regions finding significant evidence that suggests that the economic costs of the Brexit-vote are sizable and far from evenly distributed across the UK. Among 382 districts, at least 168 districts appear to be Brexit-vote losers, having lost, on average 8.54 percentage points of output in 2018 compared to their respective synthetic controls. The results suggest that the economic losses in region- and district-level output due to the Brexit-vote are: a) increasing in a districts propensity to have supported Leave in 2016; b) concentrated in districts with notable employment or gross-value added activity in manufacturing; c) concentrated in districts with a resident population with relatively low levels of human capital. The Brexit-vote induced economic divergence across regions is already exacerbating regional economic inequalities that became so apparent in the 2016 EU referendum vote patterns. Further, there is some evidence suggesting that the regional economic impact of COVID19 may exacerbate the regional economic impact of the Brexit-vote to date. |
| 主题 | Macroeconomics and Growth
; Public Economics
|
| 关键词 | Brexit
Economic impact
Evaluation
Trade barriers
|
| URL | https://cepr.org/publications/dp15051
|
| 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/544003
|
推荐引用方式
GB/T 7714 |
Thiemo Fetzer,Shizhuo Wang. DP15051 Measuring the Regional Economic Cost of Brexit: Evidence up to 2019. 2020.
|
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