Brexit: The Economics of International Disintegration
By Thomas Sampson. Social Science Research Network, 2017
238 citations recorded by the source corpus.
This paper reviews the literature on the likely economic consequences of Brexit and considers the lessons of the Brexit vote for the future of European and global integration. Brexit will make the United Kingdom poorer because it will lead to new barriers to trade and migration between the United Kingdom and the European Union. Plausible estimates put the costs to the United Kingdom at between 1 and 10 percent of income per capita. Other European Union countries will also suffer economically, but their estimated losses are much smaller. Support for Brexit came from a coalition of less-educated, older, less economically successful and more socially conservative voters. Why these voters rejected the European Union is poorly understood, but will play an important role in determining whether Brexit proves to be merely a diversion on the path to greater international integration or a sign that globalization has reached its limits.
Subfields: Economics and Econometrics, General Health Professions
View Paper: https://www.semanticscholar.org/paper/52f7d64fef2e255b0d8f2b1133d28fb77c8a5ce9
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In Economics and Econometrics
- Benjamin Born
- Gernot J. Müller
- Petr Sedlácek
- M. Schularick
- C. Borio
- Hélène Rey
- L. Svensson
- Alan M. Taylor
Citations in the corpus
- The Impact of Brexit on UK Firms (2019, unknown): “Finally, there is the nascent Brexit literature, including papers like Van Reenen (2016), Sampson (2017), Breinlich et al. (2018), Davies and Studnicka (2018), Dhingra, et al. (2018), Graziano et al. (2018), Born et al. (2019) and Costa et al. (2019) predicting negative effects on UK investment,…”
- The Costs of Economic Nationalism: Evidence from the Brexit Experiment* (2019, background): “23 Sampson (2017) surveys studies which quantify the per capita income loss due to Brexit and finds plausible estimates range between -1 and -10 percent for a forecast horizon of 10 or more years after Brexit.”