The economic Gordian Knot of Brexit: an East and Southeast Asian perspective

Mario Ruiz Estrada, Evangelos Koutronas () and Donghyun Park

Quality & Quantity: International Journal of Methodology, 2019, vol. 53, issue 6, No 7, 2797-2820

Abstract: Abstract The objective of this paper is to establish conceptual foundations of analyzing the economic dimensions of Brexit. The International Financial-Trade Exchange Leaking Index (TIFTEL-Index) attempts to analyze and compare pre-Brexit versus post-Brexit international trade and international financial transactions between East and Southeast Asia and Europe. TIFTEL-index is based on three main variables, namely (1) international trade exchange marginal rate (∆Τ′), (2) international financial exchange marginal rate (∆σ′), and (3) GDP in real prices growth marginal rate (∆γ). Simulation findings indicate that Brexit will have only a limited negative effect on the world economy. In addition, Brexit will affect East Asia more than Southeast Asia region.

Keywords: Asia; Brexit; Europe; Economic modeling; Policy modeling; F1; F3; G1 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/s11135-019-00895-5

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