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B for Brexit: A Survey of the Economics Academic Literature

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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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    File URL: https://docs.iza.org/dp12134.pdf
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    References listed on IDEAS

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    17. Sampson, Thomas, 2017. "Brexit: the economics of international disintegration," LSE Research Online Documents on Economics 86591, London School of Economics and Political Science, LSE Library.
    18. Saia, Alessandro, 2017. "Choosing the open sea: The cost to the UK of staying out of the euro," Journal of International Economics, Elsevier, vol. 108(C), pages 82-98.
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    20. Crafts, Nicholas, 2012. "British relative economic decline revisited: The role of competition," Explorations in Economic History, Elsevier, vol. 49(1), pages 17-29.
    21. Olivier Blanchard & Julien Acalin, 2016. "What Does Measured FDI Actually Measure?," Policy Briefs PB16-17, Peterson Institute for International Economics.
    22. Connell, William & Simons, Wouter & Vandenbussche, Hylke, 2017. "Global Value Chains, Trade Shocks And Jobs: An Application to Brexit," CEPR Discussion Papers 12303, C.E.P.R. Discussion Papers.
    23. Iain Begg, 2017. "Making Sense of the Costs and Benefits of Brexit: Challenges for Economists," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 45(3), pages 299-315, September.
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    Cited by:

    1. 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, Open Access Journal, vol. 12(3), pages 1-10, January.
    2. 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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