Business as usual? Unraveling the impact of Brexit on UK-EU business links

IF 1.7 4区经济学 Q2 ECONOMICS

Contemporary Economic Policy Pub Date : 2024-07-30 DOI:10.1111/coep.12662

Zovanga Kone, Feicheng Wang, Zheng Wang, Zhuo Zhou

引用次数: 0

Abstract

We present the first systematic evidence on the impact of Brexit on the business links between the United Kingdom (UK) and the European Union (EU) through the lens of international visits. We find important asymmetry in the direction of changes in business visits between the two regions following the referendum. Specifically, we observe a significant drop in EU-to-UK trips, while UK-to-EU trips increased noticeably after the vote. These results support the claim that Brexit has made the UK less attractive to EU businesses, but also reveal that UK businesses are investing more in their relationships with EU partners to offset the uncertainty.

Abstract Image

查看原文本刊更多论文

一切照旧？解读英国脱欧对英欧商业联系的影响

我们通过国际访问的视角，首次系统地展示了英国脱欧对英国（UK）和欧盟（EU）之间商业联系的影响。我们发现，公投后两个地区之间商务访问的变化方向存在重要的不对称性。具体而言，我们观察到欧盟到英国的访问量大幅下降，而英国到欧盟的访问量在投票后明显增加。这些结果支持了 "英国脱欧 "降低了英国对欧盟企业吸引力的说法，但也揭示了英国企业正在加大与欧盟合作伙伴关系的投资，以抵消不确定性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Contemporary Economic Policy Multiple-

CiteScore

3.10

自引率

6.70%

发文量

期刊介绍： Contemporary Economic Policy publishes scholarly economic research and analysis on issues of vital concern to business, government, and other decision makers. Leading western scholars, including three Nobel laureates, are among CEP"s authors. The objectives are to communicate results of high quality economic analysis to policymakers, focus high quality research and analysis on current policy issues of widespread concern, increase knowledge among economists of features of the economy key to understanding the impact of policy, and to advance methods of policy analysis.