{"title":"英国脱欧对国际贸易和外国投资的溢出效应:来自欧盟27国和英国的经验证据","authors":"G. Noja, S. M. Cristea, Atìla Yüksel","doi":"10.2298/pan171229008n","DOIUrl":null,"url":null,"abstract":"This study examines the Brexit spillovers upon the European Union Member\n States (MS) (EU-27) and the UK through two fundamental freedoms of regional\n integration: goods and services (international trade), and capital (foreign\n investment, FDI). We have applied cluster analysis and structural equation\n modelling on a strongly balanced panel of EU-27 and the UK. Both techniques\n explore two scenarios that focus on the performances achieved by the EU-MS\n in terms of GDP per capita and GDP growth, under the impact of trade and\n FDI, before and after the Brexit (1995-2019 and 2020-2025 periods). Our\n results show that the UK?s economy will be affected both related to GDP\n growth and GDP per capita levels, particularly on the short run. The EU-27\n impact largely differs across countries and types of international\n activities, being decisively influenced through the FDI relations. Overall,\n the spillovers induced by international flows are positive, but\n significantly diminished after the Brexit.","PeriodicalId":45222,"journal":{"name":"Panoeconomicus","volume":" ","pages":""},"PeriodicalIF":0.9000,"publicationDate":"2020-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Brexit spillovers through international trade and foreign investment: Empirical evidence from EU-27 and the UK\",\"authors\":\"G. Noja, S. M. Cristea, Atìla Yüksel\",\"doi\":\"10.2298/pan171229008n\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study examines the Brexit spillovers upon the European Union Member\\n States (MS) (EU-27) and the UK through two fundamental freedoms of regional\\n integration: goods and services (international trade), and capital (foreign\\n investment, FDI). We have applied cluster analysis and structural equation\\n modelling on a strongly balanced panel of EU-27 and the UK. Both techniques\\n explore two scenarios that focus on the performances achieved by the EU-MS\\n in terms of GDP per capita and GDP growth, under the impact of trade and\\n FDI, before and after the Brexit (1995-2019 and 2020-2025 periods). Our\\n results show that the UK?s economy will be affected both related to GDP\\n growth and GDP per capita levels, particularly on the short run. The EU-27\\n impact largely differs across countries and types of international\\n activities, being decisively influenced through the FDI relations. Overall,\\n the spillovers induced by international flows are positive, but\\n significantly diminished after the Brexit.\",\"PeriodicalId\":45222,\"journal\":{\"name\":\"Panoeconomicus\",\"volume\":\" \",\"pages\":\"\"},\"PeriodicalIF\":0.9000,\"publicationDate\":\"2020-05-15\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Panoeconomicus\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.2298/pan171229008n\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Panoeconomicus","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.2298/pan171229008n","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
Brexit spillovers through international trade and foreign investment: Empirical evidence from EU-27 and the UK
This study examines the Brexit spillovers upon the European Union Member
States (MS) (EU-27) and the UK through two fundamental freedoms of regional
integration: goods and services (international trade), and capital (foreign
investment, FDI). We have applied cluster analysis and structural equation
modelling on a strongly balanced panel of EU-27 and the UK. Both techniques
explore two scenarios that focus on the performances achieved by the EU-MS
in terms of GDP per capita and GDP growth, under the impact of trade and
FDI, before and after the Brexit (1995-2019 and 2020-2025 periods). Our
results show that the UK?s economy will be affected both related to GDP
growth and GDP per capita levels, particularly on the short run. The EU-27
impact largely differs across countries and types of international
activities, being decisively influenced through the FDI relations. Overall,
the spillovers induced by international flows are positive, but
significantly diminished after the Brexit.