Brexit Consequences for United Kingdom's Trade Cover Image

Consecințele Brexit-ului pentru comerțul Marii Britanii
Brexit Consequences for United Kingdom's Trade

Author(s): Nicolae Țâu
Subject(s): Economy, National Economy, Financial Markets
Published by: Universitatea Liberă Internațională din Moldova
Keywords: United Kingdom; European Union; Brexit; trade policy; tariffs; living standards;

Summary/Abstract: This article is analyzing the consequences of Brexit for United Kingdom’s trade and its living standards. This analysis firstly is quantifying the static effects of the Brexit on trade and income. To overcome this difficulty, it was analyzed two scenarios: first one - optimistic scenario in which the increase in trade costs between the United Kingdom and the European Union is small, and the second one - a pessimistic scenario with a larger rise in trade costs.

  • Issue Year: 2/2018
  • Issue No: 1-2
  • Page Range: 15-22
  • Page Count: 8
  • Language: English