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GTAP Resources: Resource Display

GTAP Resource #5214

"Brexit – an economy-wide Impact Assessment looking into trade, immigration, and Foreign Direct Investment"
by Jafari, Yaghoob and Wolfgang Britz


Abstract
We provide an impact assessment of Brexit along three dimensions: EU market access considering tariffs and non-tariff barriers, impacts of less EU citizen working in the UK and reductions in Foreign Direct Investment. Using a Computable General Equilibrium model integrating the Melitz (2003) framework, we consider capital accumulation and feedback of population size on tax income and demand for public services. In our worst-case scenario with all dimensions considered simultaneously, welfare losses per UK citizen amount to around 1.300 USD, exceeding result of other studies which we link to comprehensive scenario design and applying the Melitz model for manufacturing sectors.

Keywords: Brexit, Computable General Equilibrium Modeling, Modern trade theory
JEL classification: C68, C63


Resource Details (Export Citation) GTAP Keywords
Category: 2017 Conference Paper
Status: Published
By/In: Presented at the 20th Annual Conference on Global Economic Analysis, West Lafayette, IN, USA
Date: 2017
Version:
Created: Jafari, Y. (4/6/2017)
Updated: Jafari, Y. (4/6/2017)
Visits: 666
- Foreign direct investment
- Non-Tariff barriers
- Preferential trading arrangements
- European Union


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