Naslov
The Case of Brexit : An Analysis of the Political and Economic Factors

Autori
Kokotović, Filip ; Kurečić, Petar

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
17th International Scientific Conference on Economic and Social Development “Managerial Issues in Modern Business” : Book of Proceedings / Przygoda, Miroslaw ; Mikić, Mihaela ; Kurečić, Petar - Zagreb, 2016, 206-216

Skup
International Scientific Conference on Economic and Social Development (17 ; 2016)

Mjesto i datum
Varšava, Poljska, 20.10.2016. - 21.10.2016

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Brexit ; EU ; VAR analysis ; trade deficit ; Chow structural brake test

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Politologija

POVEZANOST RADA