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On the crossover effects of Brexit and COVID-19

Author

Listed:
  • Niklas Rohde

    (Chair for Economic Policy, University of Hamburg)

Abstract

This study is the first to investigate the crossover effect of the UK’s exit from the European Union, com-monly referred to as Brexit, and the COVID-19 pandemic. First, we confirm the results of studies explor-ing Brexit and respond to critiques of the literature. By applying the synthetic control group method, this paper reveals the impact of Brexit on GDP per capita (up until the most recent data) has been negative. In a second step, we show that, while COVID-19 had a negative impact on all developed economies, the confluence of the two events resulted in considerably more adverse outcomes in the United Kingdom.

Suggested Citation

  • Niklas Rohde, 2024. "On the crossover effects of Brexit and COVID-19," Working Papers 080, Chair for Economic Policy, University of Hamburg.
    • Handle: RePEc:hce:wpaper:080
    as

    Download full text from publisher

    File URL: http://www.hced.uni-hamburg.de/WorkingPapers/HCED-080.pdf
    File Function: First Version, 2024
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    More about this item

    Keywords

    Brexit; COVID-19; Great Britain; growth;
    All these keywords.

    JEL classification:

    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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