Brexit and its possible implications for the UK economy and its regions: A post-Keynesian perspective

John S. L. McCombie; Marta Spreafico

doi:10.1111/pirs.12338

Brexit and its possible implications for the UK economy and its regions: A post-Keynesian perspective

John S. L. McCombie^*, Marta Spreafico

^*Autore corrispondente per questo lavoro

Facoltà di Economia

Risultato della ricerca: Contributo in rivista › Articolo

6 Citazioni (Scopus)

Abstract

This paper discusses the implications of Brexit for both the UK and its regions, as the latter depends on the former. We concentrate on the forecasts by Her Majesty's Treasury (HMT), the Cambridge Centre for Business Research and the Economists for Brexit. It is argued that the estimates of HMT of the loss of GDP are likely to be overstated, but, nevertheless, there will probably be a fall in output. Given this, the effect on the UK regions is analysed using the regional balance-of-payments constrained growth model. This suggests that Brexit will cause regional disparities to widen.

Lingua originale	Inglese
pagine (da-a)	1-17
Numero di pagine	17
Rivista	Papers in Regional Science
Numero di pubblicazione	N/A
DOI	https://doi.org/10.1111/pirs.12338
Stato di pubblicazione	Pubblicato - 2017

All Science Journal Classification (ASJC) codes

Geografia, Pianificazione e Sviluppo
Scienze Ambientali (varie)

Keywords

Balance-of-payments constrained growth model
Brexit
Macroeconomic forecasts
North-South divide
UK regions

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Brexit and its possible implications for the UK economy and its regions: A post-Keynesian perspective

Abstract

All Science Journal Classification (ASJC) codes

Keywords

OSS delle Nazioni Unite

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