ECONOMIC AND POLITICAL REFLECTION ON THE BREXIT EFFECT EUROPE –PERU RELATIONSHIP
ECONOMIC AND POLITICAL REFLECTION ON THE BREXIT EFFECT EUROPE –PERU RELATIONSHIP
Author(s): Israel Barrutia Barreto,, Hernán Larico Vera, David Julio Martel Zevallos, Samuel Acevedo TorresSubject(s): Economy, Geography, Regional studies, National Economy, Economic development, Socio-Economic Research
Published by: Facultatea de Studii Europene -Universitatea Babeş-Bolyai
Keywords: Model; Prediction; Gross domestic product; Transition, Variability;
Summary/Abstract: The key event that is expected to mark the beginning of the year 2021, will be the definitive transition out of the United Kingdom from the European Union, Brexit. Inquiring the key elements for a political and economic reflection, explained in terms of predictive mathematical models ARIMA, Holt-Winters and Lotka-Volterra, based on the historical variability of GDP in both nations from the Third Quarter of 2020 to the Third Quarter of year 2023. We show that the Republic of Peru will increase the variability in terms of gross domestic product GDP in relation to Brexit, with an exponential growth of 8,99% in the study period; going from US $ 195868,147 to US $ 213478,795. In conclusion, Brexit is a special regime with an emphasis on transaction. In conclusion, Brexit is a special regime with an emphasis on transaction costs, measured as the GDP response of cross-border trade companies in the United Kingdom and especially in relation to Peru.
Journal: Online Journal Modelling the New Europe
- Issue Year: 2021
- Issue No: 37
- Page Range: 121-136
- Page Count: 16
- Language: English