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The Impact of BREXIT on the Foreign Direct Investment in the United Kingdom

Author

Listed:
  • Mihaela Simionescu

    (Institute for Economic Forecasting of the Romanian Academy)

Abstract

The main objective of this study is to measure the impact of the British exist from the European Union on foreign direct investment (FDI) projects. Unlike previous studies, the research does not take into account the bilateral FDI flows. Instead, the analysis focus on FDI projects and new jobs and safeguarded jobs related to FDI projects. Using Poisson models on panel data over 2012 to 2015 and for regions from the entire world, the results indicate that the Brexit significantly and negatively affects the new jobs created in FDI projects. This expectation generates problems on labour markets. England policies should create a more flexible labour market and a stronger orientation towards other countries outside the Europe.

Suggested Citation

  • Mihaela Simionescu, 2016. "The Impact of BREXIT on the Foreign Direct Investment in the United Kingdom," Bulgarian Economic Papers bep-2016-07, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Jul 2016.
    • Handle: RePEc:sko:wpaper:bep-2016-07
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    File URL: https://www.uni-sofia.bg/index.php/eng/content/download/160149/1141099/file/BEP-2016-07.pdf
    File Function: First version, 2016
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    Citations

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    Cited by:

    1. Oyamada, Kazuhiko, 2020. "How does BREXIT affect production patterns of multinational enterprises?," Journal of Policy Modeling, Elsevier, vol. 42(1), pages 1-19.
    2. Xiaoqing An & William A. Barnett & Xue Wang & Qingyuan Wu, 2023. "Brexit spillovers: how economic policy uncertainty affects foreign direct investment and international trade," The European Journal of Finance, Taylor & Francis Journals, vol. 29(16), pages 1913-1932, November.
    3. Barry Eichengreen & William Jungerman & Mingyang Liu, 2020. "Brexit, the City of London, and the prospects for portfolio investment," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(1), pages 1-16, February.

    More about this item

    Keywords

    foreign direct investment; FDI; Brexit; labour market;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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