different Brexit scenarios in a general equilibrium analysis, ranging from soft to very hard Brexit. I find that in the latter … scenario real export of the UK decreases by a significant 32% in the long run. Other EU countries also experience a decrease in … real export, while non-EU countries experience an increase due to trade diversion effects. Similarly, I also investigate …

of its "Global Britain" strategy, in the wake of Brexit, the UK is pursuing a series of Free Trade Agreements with … to regain the severed ties with the EU. We analyze the economic consequences of these scenarios with a state … compensate for Brexit-induced trade losses. Our results also reveal that independence from the UK in itself would inflict greater …

with other papers, the welfare costs of Brexit are higher in the UK than in most other EU countries. However, the … particular, the EU's eastward enlargement or the EU-Korea trade agreement have lowered the UK's outward trade costs only … relatively modestly. These asymmetries matter for the size and distribution of the welfare effects of Brexit - the withdrawal of …

This paper proposes a new panel data structural gravity approach for estimating the trade and welfare effects of Brexit … different counterfactual post-Brexit scenarios, our main findings suggest that UKs (EUs) exports of goods to the EU (UK) are … likely to decline within a range between 7.2% and 45.7% (5.9% and 38.2%) six years after the Brexit has taken place. For the …

This paper proposes a new panel data structural gravity approach for estimating the trade and welfare effects of Brexit … different counterfactual post-Brexit scenarios, our main findings suggest that UK's exports of goods to the EU are likely to … under the hard Brexit scenario. The estimated welfare effects for the EU are negligible in magnitude and statistically not …