Dear Colleague,

We cordially invite you to the wiiw-FIW-Seminar in International Economics on

Monday, 15 May 2017, 4.00 – 5.30 pm
wiiw, Rahlgasse 3, 1060 Vienna

Consequences of Brexit and Options for a ‘Global Britain’

Tristan Kohl
University of Groningen, The Netherlands

The presentation is based on a paper co-authored with Steven Brakman (University of Groningen) and Harry Garretsen (University of Groningen).

Abstract
The United Kingdom has opted to leave the European Union. The trade and welfare consequences of this decision are large; most studies predict a trade and welfare loss for both the UK and the EU. The UK parliament has indicated that it aims for new and ambitious trade agreements following Brexit, but has not been explicit what type of trade agreements it envisions (except that it should be broad) or with  whom specifically. In this paper, we consider the UK’s options. We first confirm, in line with existing studies, that the negative trade consequences of Brexit are substantial, especially for the UK and also for the EU. After reviewing all potential options, we have a simple answer to the question whether the UK has an alternative for the existing trade agreement with the EU. The answer is: No. Only a trade agreement with the EU can compensate for the negative trade consequences of Brexit.

Keywords: Brexit, Gravity Model, Trade predictions

JEL Codes: F13, F14

We kindly ask you to register for the event. Participation is free of charge.

This seminar series is an activity in the framework of FIW ('Forschungsschwerpunkt Internationale Wirtschaft'), which is a project designed to build a center of excellence in research on International Economics, funded by the Austrian Ministry of Science, Research and Economy (BMWFW).

The seminar programme is regularly updated. Please visit the wiiw or FIW website for the current version of the programme. Papers and presentation slides, as far as available, are posted on our webpage after the respective seminars.
 

Best regards,
Julia Grübler
Organizer

Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw)
The Vienna Institute for International Economic Studies
Rahlgasse 3, A-1060 Wien

T: +43 1 533 66 10
F: +43 1 533 66 10 - 50
http://www.wiiw.ac.at/

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