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An empirical study of the immediate effect of the brexit referendum on greenfield foreign direct investment in the uk

Author

Listed:
  • Daniel Bembennek

    (WHU - Otto Beisheim School of Management)

  • Michael Frenkel

    (WHU - Otto Beisheim School of Management)

Abstract

We investigate the impact of the Brexit referendum on greenfield foreign direct investment (GFDI) inflows to the UK in the years before an agreement with the EU was reached. The study is motivated by the question of whether the signal of the policy change was already strong enough to influence long-term investment decisions. We find robust evidence of a negative impact on greenfield investment inflows to the UK from 2016 to 2019.

Suggested Citation

  • Daniel Bembennek & Michael Frenkel, 2024. "An empirical study of the immediate effect of the brexit referendum on greenfield foreign direct investment in the uk," Economics Bulletin, AccessEcon, vol. 44(1), pages 57-63.
    • Handle: RePEc:ebl:ecbull:eb-23-00292
    as

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    References listed on IDEAS

    as
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    JEL classification:

    • F2 - International Economics - - International Factor Movements and International Business
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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