Showing 1 - 10 of 658
The Brexit vote precipitated the unravelling of the UK’s membership of the world’s deepest economic integration … agreement. This paper reviews evidence on the realized economic effects of Brexit. The 2016 Brexit referendum changed … and uncertainty shocks. Voting for Brexit had large negative effects on the UK economy between 2016 and 2019, leading to …
Persistent link: https://www.econbiz.de/10013306955
This paper examines tourism persistence in a group of Southeastern European (SEE) countries (Albania, Bosnia, Bulgaria, Croatia, Montenegro, North Macedonia, Serbia and Slovenia) by applying fractional integration methods to monthly data on foreign tourist arrivals and overnight stays. The...
Persistent link: https://www.econbiz.de/10014243164
This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the ten countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a dataset of unbalanced...
Persistent link: https://www.econbiz.de/10013316812
in the EU is incomplete and its trend is non-linear while Brexit would not bring negative consequences to its development …
Persistent link: https://www.econbiz.de/10012908727
the geography of economic integration in Europe, we quantify the economic consequences of Brexit using a quantitative … welfare effects from Brexit. Neglecting asymmetries in EU-UK relations overestimates the costs from Brexit by up to 40%. The … welfare costs of Brexit are higher in the UK than in most other EU counties. However, heterogeneity tends to attenuate overall …
Persistent link: https://www.econbiz.de/10012850083
This paper examines the shortcomings in the UK government's Brexit negotiation strategy which reflected Prime Minister … government amidst turbulent and fractious domestic politics, over negotiations with the EU27. Brexit negotiations were poorly … planned and the government was woefully unprepared. Brexit also threatens a serious re-opening of old wounds in Northern …
Persistent link: https://www.econbiz.de/10012861473
We study stock market reactions to the Brexit referendum on 23 June 2016 in order to assess investors’ expectations …, indicating that investors may have updated their expectations in light of the possibility of a ‘hard Brexit’. We do not find a …
Persistent link: https://www.econbiz.de/10012908678
of its ‘Global Britain’ strategy, in the wake of Brexit, the UK is pursuing a series of Free Trade Agreements with … to compensate for Brexit-induced trade losses. Our results also reveal that independence from the UK in itself would … inflict greater post-Brexit economic harm on the devolved nations of Great Britain. Nevertheless, these effects could be …
Persistent link: https://www.econbiz.de/10013212259
The former EU president Jean-Claude Junker has proposed that all countries of the European Union should also adopt the euro as their currency and recent research has shown that countries currently pursuing this goal indeed fulfill the classical Optimal Currency Area (OCA) criterion of positively...
Persistent link: https://www.econbiz.de/10013232406
This paper develops a dynamic stochastic general equilibrium model to examine the quantitative macroeconomic implications of countercyclical fiscal policy for France, Germany and the UK. The model incorporates real wage rigidity which is the particular market failure justifying policy...
Persistent link: https://www.econbiz.de/10012773638