Brexit impact on European Union's destructuration and its contribution to a new economic crisis: A new modelling approach

Romeo‐Victor Ionescu, Monica Laura Zlati and Valentin Marian Antohi

International Journal of Finance & Economics, 2021, vol. 26, issue 1, 1586-1610

Abstract: The basic economics considers that Brexit will have a great impact on EUs economy after its finalization. This study introduces a new model (RIV‐2) and a new mathematical approach to quantify and measure the Brexit's impact on EU and UK. Five representative economic indicators were put into analysis during a specific time period. The analysis in the paper points out the elements and the dimension of the economic destructuration in UK and EU economies due to the Brexit. Moreover, the forecasting procedures applied in the paper lead to the same economic conclusions. The correlated analyses realized in connection to UK and EU economies point out the future better economic performance of the EU economy compared to UK economy on short and medium terms.

Date: 2021
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