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Brexit Referendum and Business Investment in the UK / Lucyna Gornicka.

Author/Creator:
Gornicka, Lucyna.
Publication:
Washington, D.C. : International Monetary Fund, 2018.
Format/Description:
Government document
Book
1 online resource (20 pages)
Series:
IMF eLibrary
IMF Working Papers; Working Paper ; No. 2018/247
IMF Working Papers
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Summary:
In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK. An interaction term of potential trade costs after exiting the EU and a measure of firms' participation in global trade is used as a proxy for firm-level exposure to Brexit-related effects. The results suggest that potential trade costs have had a considerable and statistically significant negative impact on firm investment in the UK after the referendum. At the same time, the post-referendum sterling depreciation has likely contributed positively to investment expenditure by more foreign-oriented firms.
Notes:
Part of the IMF eLibrary collection.
Description based on print version record.
Other format:
Print Version: Gornicka, Lucyna Brexit Referendum and Business Investment in the UK
ISBN:
1484382013 :
9781484382011
ISSN:
1018-5941
Publisher Number:
10.5089/9781484382011.001 doi
Access Restriction:
Restricted for use by site license.