RT Journal Article
T1 Making sense of Brexit losses: An in-depth review of macroeconomic studies
A1 Latorre Muñoz, María De La Concepción
A1 Olekseyuk, Z.
A1 Yonezawa, H.
A1 Robinson, S.
AB Almost all economic assessments of Brexit conclude that there would be significant losses for both the UK and the EU. This paper examines the driving forces behind these results. We consider the strong economic relationships between the UK and EU both at the sectoral and macroeconomic levels that are at risk from Brexit. We review fifteen studies that explore various Brexit scenarios (hard and soft) and explain why their different methodologies and assumptions yield different degrees of economic damage. Our review concludes that GDP losses for the UK from a hard Brexit range from 1.6 to 7.8, while a soft Brexit would moderate the losses by roughly half. We also find that potential UK trade agreements with third countries could partially compensate for significant Brexit losses. © 2019 Elsevier B.V.
PB Elsevier B.V.
SN 0264-9993
YR 2020
FD 2020-07
LK https://hdl.handle.net/20.500.14352/6325
UL https://hdl.handle.net/20.500.14352/6325
LA eng
NO Ministerio de Economía y Competitividad (MINECO)
NO German Federal Ministry for Economic Cooperation and Development
DS Docta Complutense
RD 15 abr 2025