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B for Brexit: A Survey of the Economics Academic Literature

Author

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  • Campos, Nauro F.

    (University College London)

Abstract

This paper surveys the economics academic literature on Brexit. It is organised in: pillars, channels, and consequences. The two building blocks to understand Brexit are the economic history of the UK-EU relationship and the literature on the political economy of globalisation and populism. The paper then reviews the evidence on the standard mechanisms through which the UK benefited from EU integration (trade, migration and FDI). Next it surveys the short-run effects of the vote and discuss expected long-term consequences of "Brexit proper." It concludes by identifying some main gaps in the economics literature on Brexit.

Suggested Citation

  • Campos, Nauro F., 2019. "B for Brexit: A Survey of the Economics Academic Literature," IZA Discussion Papers 12134, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp12134
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    References listed on IDEAS

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    15. José de Sousa & Julie Lochard, 2011. "Does the Single Currency Affect Foreign Direct Investment?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 113(3), pages 553-578, September.
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    25. Barry Eichengreen, 2019. "The international financial implications of Brexit," International Economics and Economic Policy, Springer, vol. 16(1), pages 37-50, March.
    26. Thiemo Fetzer, 2019. "Did Austerity Cause Brexit?," American Economic Review, American Economic Association, vol. 109(11), pages 3849-3886, November.
    27. Nathaniel Copsey & Tim Haughton, 2014. "Farewell Britannia? ‘Issue Capture’ and the Politics of David Cameron's 2013 EU Referendum Pledge," Journal of Common Market Studies, Wiley Blackwell, vol. 52, pages 74-89, November.
    28. Geert Bekaert & Campbell R. Harvey & Christian T. Lundblad & Stephan Siegel, 2017. "Economic and Financial Integration in Europe," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 15(1), pages 36-42, 04.
    29. 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.
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    Cited by:

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    2. Mihaela Simionescu & Dalia Streimikiene & Wadim Strielkowski, 2020. "What Does Google Trends Tell Us about the Impact of Brexit on the Unemployment Rate in the UK?," Sustainability, MDPI, vol. 12(3), pages 1-10, January.
    3. Petros E. Ioannatos, 2021. "Brexit or Euro for the UK? Evidence from Panel Data," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 63(1), pages 117-138, March.

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    More about this item

    Keywords

    migration; Brexit;

    JEL classification:

    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F10 - International Economics - - Trade - - - General

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