The Effect of Brexit on UK Productivity: Synthetic Control Analysis

Moatazbellah Farid

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper I analyse the effect of Brexit on UK labour productivity and its components using a synthetic control methodology. My results show that the Brexit vote had a negative impact on labour productivity, causing GDP per hour worked to decrease by 2.4% by 2019 in comparison to the absence of Brexit. The two components of labour productivity are GDP and hours worked. I find that the decrease in the GDP is more than the increase in hours worked per person, causing the labour productivity to decline

Keywords: Brexit; Labour productivity; Productivity puzzle; Synthetic control method (search for similar items in EconPapers)
JEL-codes: E24 E65 F13 O47 (search for similar items in EconPapers)
Date: 2020-09-21
New Economics Papers: this item is included in nep-eec, nep-eff and nep-mac
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https://mpra.ub.uni-muenchen.de/103165/1/MPRA_paper_102738.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/103166/9/MPRA_paper_103166.pdf revised version (application/pdf)

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