McGrattan, Ellen R. - 2017
other E.U. nations. With less E.U. technology deployed in the United Kingdom, U.K. firms increase investment in their own R … Europe. If instead we assume that the European Union imposes the same restrictions on U.K. FDI, then E.U. firms invest more … in their own R&D, benefiting the United Kingdom. With costs higher on both U.K. and E.U. FDI, we predict a significant …