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Short-term impact of Brexit on the United Kingdom's export of goods

Author

Listed:
  • Kee,Hiau Looi
  • Nicita,Alessandro
  • Kee,Hiau Looi
  • Nicita,Alessandro

Abstract

The short-term impact of Brexit on goods exports is assessed using the Overall Trade Restrictiveness Index of the United Kingdom's major trading partners. The analysis shows that in the short run, leaving the European Union may cause the United Kingdom's exports to the European Union to decrease by 2 percent, and the prospect of a major trade collapse post-Brexit is unlikely. This is because the European Union's Most Favored Nation (MFN) tariffs are higher on products that are less responsive to tariffs, and lower on products that are more responsive to tariffs.

Suggested Citation

  • Kee,Hiau Looi & Nicita,Alessandro & Kee,Hiau Looi & Nicita,Alessandro, 2017. "Short-term impact of Brexit on the United Kingdom's export of goods," Policy Research Working Paper Series 8195, The World Bank.
    • Handle: RePEc:wbk:wbrwps:8195
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    File URL: http://documents.worldbank.org/curated/en/164821505330746382/pdf/WPS8195.pdf
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    Cited by:

    1. Hagemejer, Jan & Dunin-Wasowicz, Maria & Michalek, Jan & Szyszka, Jacek, 2020. "Trade-related effects of Brexit. Implications for Central and Eastern Europe," Conference papers 333187, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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