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Title: The Impact of Brexit on Foreign Investment and Production
Using simulations from a multi-country neoclassical growth model, we analyze several post-Brexit scenarios. First, the United Kingdom unilaterally imposes tighter restrictions on FDI and trade from other EU nations. Second, the European Uunion retaliates and imposes the same restrictions on the United Kingdom. Finally, the United Kingdom reduces restrictions on other nations during the post-Brexit transition. Model predictions depend crucially on the policy response of multinationals’ investment in technology capital, accumulated know-how from investments in R&D, brands, and organizations used simultaneously in their domestic and foreign operations. (JEL D25, F13, F15, F23, G31, O32)  more » « less
Award ID(s):
1657891
PAR ID:
10196999
Author(s) / Creator(s):
;
Date Published:
Journal Name:
American Economic Journal: Macroeconomics
Volume:
12
Issue:
1
ISSN:
1945-7707
Page Range / eLocation ID:
76 to 103
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
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