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Die ökonomische Bedeutung des Brexits

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  • Lee Andrew

    (DHBW Karlsruhe, Erzbergerstraße 121, 76133 Karlsruhe, Germany)

Abstract

On January 1, 2021, Great Britain (England, Scotland and Wales) left the EU single market and customs union. Although the Trade and Cooperation Agreement between the UK and EU ensures that no tariffs or quotas are to be imposed on traded goods, there are still numerous non-tariff barriers to trade. These added a significant layer of trade complexity that did not exist pre-Brexit and it was thus inevitable that there would be ramifications for the UK economy. Carefully judging this impact is a complicated task, however, as a counterfactual must be used: how would the UK economy have fared if it were still in the EU? This difficulty is exacerbated by two other highly significant events affecting the UK economy at the same time, namely the Covid-19 pandemic and the Ukraine war. Disentangling Brexit from all this and deciding what is and is not a Brexit effect makes the evaluation thereof difficult. Nevertheless, there have been a number of studies published that have attempted such a task.

Suggested Citation

  • Lee Andrew, 2024. "Die ökonomische Bedeutung des Brexits," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 73(1), pages 25-32, May.
    • Handle: RePEc:lus:zwipol:v:73:y:2024:i:1:p:25-32:n:3
    DOI: 10.1515/zfwp-2024-2003
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