The costs and benefits of leaving the EU
- What would be the economic effects of the UK leaving the European Union on living standards of British people? We focus on the effects of trade on welfare net of lower fiscal transfers to the EU. We use a standard quantitative static general equilibrium trade model with multiple sectors, countries and intermediates, as in Costinot and Rodriguez-Clare (2013). Static losses range between 1.13% and 3.09% of GDP, depending on the assumptions used in our counterfactual scenarios. Including dynamic effects could more than double such losses.
| Author: | Gianmarco I. P. OttavianoORCiDGND, João Paulo Pessoa, Thomas Sampson, John Van Reenen |
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| URN: | urn:nbn:de:hebis:30:3-351041 |
| URL: | http://ssrn.com/abstract=2506664 |
| DOI: | https://doi.org/10.2139/ssrn.2506664 |
| Parent Title (English): | Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 472 |
| Series (Serial Number): | CFS working paper series (472) |
| Publisher: | Center for Financial Studies |
| Place of publication: | Frankfurt, M. |
| Document Type: | Working Paper |
| Language: | English |
| Year of Completion: | 2014 |
| Year of first Publication: | 2014 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2014/10/20 |
| Tag: | European Union; trade; welfare |
| Issue: | May 13, 2014 |
| Page Number: | 18 |
| HeBIS-PPN: | 351156232 |
| Institutes: | Wirtschaftswissenschaften / Wirtschaftswissenschaften |
| Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) | |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Sammlungen: | Universitätspublikationen |
| Licence (German): |  Deutsches Urheberrecht |
