IDEAS home Printed from https://ideas.repec.org/a/kap/iecepo/v16y2019i1d10.1007_s10368-018-00430-1.html
   My bibliography  Save this article

A Plea for an exit from Brexit and a second referendum

Author

Listed:
  • Volker Clausen

    (University of Duisburg-Essen)

Abstract

This note argues that basically all strands of available empirical and quantitative evidence on the economic effects of Brexit arrive at the conclusion that the economic burden for Britain will be substantial. Furthermore, there are good reasons to expect that these costs are currently even underestimated as dynamic effects of Brexit are insufficiently captured by existing methods. Furthermore, all scenarios assume an orderly Brexit which looks increasingly unlikely. The best way forward is an exit from Brexit and to call for a second referendum on the concrete two policy alternatives which are now on the table.

Suggested Citation

  • Volker Clausen, 2019. "A Plea for an exit from Brexit and a second referendum," International Economics and Economic Policy, Springer, vol. 16(1), pages 31-35, March.
    • Handle: RePEc:kap:iecepo:v:16:y:2019:i:1:d:10.1007_s10368-018-00430-1
    DOI: 10.1007/s10368-018-00430-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10368-018-00430-1
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s10368-018-00430-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Swati Dhingra & Hanwei Huang & Gianmarco Ottaviano & João Paulo Pessoa & Thomas Sampson & John Van Reenen, 2017. "The costs and benefits of leaving the EU: trade effects," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 32(92), pages 651-705.
    2. Clausen Volker & Schlösser Alexander & Thiem Christopher, 2019. "Economic Policy Uncertainty in the Euro Area: Cross-Country Spillovers and Macroeconomic Impact," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 239(5-6), pages 957-981, October.
    3. Thomas Sampson, 2017. "Brexit: The Economics of International Disintegration," Journal of Economic Perspectives, American Economic Association, vol. 31(4), pages 163-184, Fall.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sergei Guriev & Elias Papaioannou, 2022. "The Political Economy of Populism," Journal of Economic Literature, American Economic Association, vol. 60(3), pages 753-832, September.
    2. Swati Dhingra & Rebecca Freeman & Hanwei Huang, 2023. "The Impact of Non‐tariff Barriers on Trade and Welfare," Economica, London School of Economics and Political Science, vol. 90(357), pages 140-177, January.
    3. Karen Jackson & Oleksandr Shepotylo, 2021. "An examination of EU trade disintegration scenarios," The World Economy, Wiley Blackwell, vol. 44(1), pages 2-20, January.
    4. Marine Charlotte André & Meixing Dai, 2019. "Le Brexit : quelles conséquences sur les économies britannique et de l’Union européenne ?," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 40(1), pages 11-18, July.
    5. Holger Breinlich & Elsa Leromain & Dennis Novy & Thomas Sampson, 2019. "Exchange rates and consumer prices: evidence from Brexit," CEP Discussion Papers dp1667, Centre for Economic Performance, LSE.
    6. 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.
    7. Halmai, Péter, 2020. "A dezintegráció gazdaságtana. A brexit esete [The economics of disintegration. The case of Brexit]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 837-877.
    8. Swati Dhingra & Thomas Sampson, 2022. "Expecting Brexit," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 495-519, August.
    9. Campos, Nauro F., 2019. "B for Brexit: A Survey of the Economics Academic Literature," IZA Discussion Papers 12134, Institute of Labor Economics (IZA).
    10. David Comerford & José V Rodríguez Mora & Beata Javorcik, 2019. "The gains from economic integration," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 34(98), pages 201-266.
    11. Harald Oberhofer & Michael Pfaffermayr, 2021. "Estimating the trade and welfare effects of Brexit: A panel data structural gravity model," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 54(1), pages 338-375, February.
    12. Ana Venâncio & João Pereira dos Santos, 2021. "The effect of Brexit on British workers living in the EU," Working Papers REM 2021/0197, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    13. Ruiz Estrada Mario Arturo & Evangelos Koutronas & Donghyun Park, 2019. "The economic Gordian Knot of Brexit: an East and Southeast Asian perspective," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(6), pages 2797-2820, November.
    14. Rolf J. Langhammer & Lisandra Flach & Feodora Teti & Lena Wiest & Margherita Atzei & Lisa Scheckenhofer & Joachim Wuermeling & Carsten Hefeker & Friedemann Kainer & Philipp Harms & Michael Kaeding, 2020. "Down to the Wire: The Struggle for a Brexit Deal," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(12), pages 03-27, December.
    15. Jun Du & Oleksandr Shepotylo, 2022. "UK trade in the time of COVID‐19: A review," The World Economy, Wiley Blackwell, vol. 45(5), pages 1409-1446, May.
    16. Céline Carrère & Monika Mrázová & J Peter Neary, 2020. "Gravity Without Apology: the Science of Elasticities, Distance and Trade," The Economic Journal, Royal Economic Society, vol. 130(628), pages 880-910.
    17. Antoine Berthou & Sophie Haincourt & Marie-Elisabeth de la Serve & Ángel Estrada & Moritz A. Roth & Alexander Kadow, 2019. "Assessing the macroeconomic impact of Brexit through trade and migration channels," Occasional Papers 1911, Banco de España.
    18. 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.
    19. Wittwer, Glyn & Anderson, Kym, 2020. "A Model of Global Beverage Markets," Journal of Wine Economics, Cambridge University Press, vol. 15(3), pages 330-354, August.
    20. Catherine Mathieu, 2020. "Brexit: what economic impacts does the literature anticipate?," Sciences Po publications info:hdl:2441/2jt9boop748, Sciences Po.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:iecepo:v:16:y:2019:i:1:d:10.1007_s10368-018-00430-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.