How does BREXIT affect production patterns of multinational enterprises?

Kazuhiko Oyamada

Journal of Policy Modeling, 2020, vol. 42, issue 1, 1-19

Abstract: This paper explores how the British exit from the European Union (EU) potentially affects the United Kingdom (UK) economy and the production patterns of multinational enterprises that choose the UK as either a destination market or a gateway to the EU market. Utilizing an extended version of the knowledge-capital model, which includes six types of firms and four countries grouped into market and non-market, simulation analysis reveals that efforts to enhance attractiveness of the UK as a destination market to increase horizontal-type inward foreign direct investment would be a solution to cover losses from reduction in the number of export-platforms.

Keywords: Brexit; Foreign direct investment; Multinational enterprise; Export-platform; Knowledge-capital model (search for similar items in EconPapers)
JEL-codes: F11 F12 F15 F23 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Working Paper: How does BREXIT affect production patterns of multinational enterprises? (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:42:y:2020:i:1:p:1-19

DOI: 10.1016/j.jpolmod.2019.08.002

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