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Quo vadis Brexitannia?

Author

Listed:
  • Martin Braml
  • Gabriel Felbermayr

Abstract

On 15 January 2019, the House of Commons rejected the Brexit agreement between the UK and the EU. The British MEPs' no is understandable. The deal would have downgraded the UK to the status of a trading colony without trade autonomy. Its territorial integrity would also have been called into question. The paper discusses the available alternatives with regard to their political-economic consequences and their implications for the future of Europe. An upgraded customs union combined with additional bilateral treaties of the Swiss model type could be a viable solution. However, the UK also needs to accept economic realities and address the major trade challenges together with the EU, rather than separately. The EU, on the other hand, should break with its political dogma of the four freedoms and offer more flexible integration options that exclude, for example, the free movement of persons.

Suggested Citation

  • Martin Braml & Gabriel Felbermayr, 2019. "Quo vadis Brexitannia?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(02), pages 32-39, January.
    • Handle: RePEc:ces:ifosdt:v:72:y:2019:i:02:p:32-39
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    References listed on IDEAS

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    1. Sascha O Becker & Thiemo Fetzer & Dennis Novy, 2017. "Who voted for Brexit? A comprehensive district-level analysis," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 32(92), pages 601-650.
    2. Gabriel Felbermayr & Jasmin Katrin Gröschl & Inga Heiland & Martin Braml & Marina Steininger, 2017. "Ökonomische Effekte eines Brexit auf die deutsche und europäische Wirtschaft," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 85.
    3. Sascha Becker & Thiemo Fetzer & Dennis Novy & Sascha O. Becker, 2017. "Who Voted for Brexit?," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(04), pages 03-05, December.
    4. Benjamin Born & Gernot J Müller & Moritz Schularick & Petr Sedláček, 2019. "The Costs of Economic Nationalism: Evidence from the Brexit Experiment," The Economic Journal, Royal Economic Society, vol. 129(623), pages 2722-2744.
    5. Born, Benjamin & Müller, Gernot J. & Schularick, Moritz & Sedlacek, Petr, 2017. "The economic consequences of the Brexit Vote," LSE Research Online Documents on Economics 87174, London School of Economics and Political Science, LSE Library.
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    More about this item

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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