The Case of Brexit : An Analysis of the Political and Economic Factors (CROSBI ID 640661)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Kokotović, Filip ; Kurečić, Petar
engleski
The Case of Brexit : An Analysis of the Political and Economic Factors
This paper analyses the short-term economic, as well as the long-term political consequences of Brexit. In order to analyse the short-term economic impact, we implement Chow’s test for a structural break on the main stock exchange indexes. Another significant part of this paper is an analysis of the factors that have an impact on the exports of the United Kingdom and whether the potential decrease of the exchange rate will be more relevant than the anticipated decrease of FDI and GDP. This paper concludes that there is significant evidence that there was a negative short-term economic impact caused by Brexit, as well that it might have a detrimental impact on the long-term exports of the United Kingdom. This paper further concludes that Brexit was a unnecessary and avoidable event that might not have happened had there been an accountable political class that fairly and objectively presented the potential consequences of Brexit.
Brexit ; EU ; VAR analysis ; trade deficit ; Chow structural brake test
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Podaci o prilogu
206-216.
2016.
objavljeno
Podaci o matičnoj publikaciji
17th International Scientific Conference on Economic and Social Development “Managerial Issues in Modern Business” : Book of Proceedings
Przygoda, Miroslaw ; Mikić, Mihaela ; Kurečić, Petar
Zagreb:
Podaci o skupu
International Scientific Conference on Economic and Social Development (17 ; 2016)
predavanje
20.10.2016-21.10.2016
Varšava, Poljska
Povezanost rada
Ekonomija, Politologija