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The Impact of BREXIT on the Foreign Direct Investment in the United Kingdom

Mihaela Simionescu (Bratu)

Bulgarian Economic Papers (www.bep.bg) from St Kliment Ohridski University of Sofia, Faculty of Economics and Business Administration / Center for Economic Theories and Policies

Abstract: The main objective of this study is to measure the impact of the British exist from the European Union on foreign direct investment (FDI) projects. Unlike previous studies, the research does not take into account the bilateral FDI flows. Instead, the analysis focus on FDI projects and new jobs and safeguarded jobs related to FDI projects. Using Poisson models on panel data over 2012 to 2015 and for regions from the entire world, the results indicate that the Brexit significantly and negatively affects the new jobs created in FDI projects. This expectation generates problems on labour markets. England policies should create a more flexible labour market and a stronger orientation towards other countries outside the Europe.

Keywords: foreign direct investment; FDI; Brexit; labour market (search for similar items in EconPapers)
JEL-codes: C51 C53 F21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-int
Date: 2016-07, Revised 2016-07
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