Brexit Uncertainty: Trade Externalities beyond Europe

Alejandro Graziano, Kyle Handley and Nuno Limão

AEA Papers and Proceedings, 2020, vol. 110, 552-56

Abstract: We examine if Brexit uncertainty has trade externalities beyond Europe. Using detailed data on export values and participation, tariffs, and Brexit probabilities prior to the referendum, we estimate ongoing negative trade-uncertainty elasticities between the United Kingdom and its non-European partner countries in preferential trade agreements that will require renegotiation post-Brexit. We use them to isolate the impact of the referendum on export values and net entry; we find effects similar to those identified by Graziano et al. (2018) for the UK and EU.

JEL-codes: D72 F13 F14 F15 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (8)

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DOI: 10.1257/pandp.20201021

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