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

Format:

Book

Government document

Author/Creator:

Gornicka, Lucyna.

Series:

IMF Working Papers; Working Paper ; No. 2018/247

IMF Working Papers

Language:

English

Subjects (All):

European Union--Great Britain.

European Union.

Investments--Great Britain.

Investments.

Industries--Great Britain.

Industries.

New business enterprises--Law and legislation--Great Britain.

New business enterprises.

Great Britain--Foreign relations--European Union countries.

Great Britain.

Physical Description:

1 online resource (21 pages)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2018.

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.

Contents:

Cover

Brexit Referendum and Business Investment in the UK

I. INTRODUCTION

II. RELATED LITERATURE

III. FUNDAMENTAL DETERMINANTS OF BUSINESS INVESTMENT IN THE UK

IV. BREXIT AND BUSINESS INVESTMENT: A FIRM-LEVEL ANALYSIS

V. CONCLUSIONS.

Notes:

Includes bibliographical references.

Description based on publisher supplied metadata and other sources.

Description based on print version record.

ISBN:

9781484386101

1484386108

9781484386132

1484386132

OCLC:

1078572703