Short-Term Impact of Brexit on the United Kingdom's Export of Goods
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. The study assumes that there are no further compliance costs associated with the existing nontariff measures facing firms in the United Kingdom, should the United Kingdom leave the European Union.
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| Main Authors: | , |
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| Format: | Working Paper biblioteca |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017-09
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| Subjects: | EXPORTS, BREXIT, OVERALL TRADE RESTRICTIVENESS INDEX, MOST FAVORED NATION, NONTARIFF MEASURES, |
| Online Access: | http://documents.worldbank.org/curated/en/164821505330746382/Short-term-impact-of-Brexit-on-the-United-Kingdoms-export-of-goods https://hdl.handle.net/10986/28373 |
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dig-okr-10986283732024-08-09T08:31:22Z Short-Term Impact of Brexit on the United Kingdom's Export of Goods Kee, Hiau Looi Nicita, Alessandro EXPORTS BREXIT OVERALL TRADE RESTRICTIVENESS INDEX MOST FAVORED NATION NONTARIFF MEASURES 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. The study assumes that there are no further compliance costs associated with the existing nontariff measures facing firms in the United Kingdom, should the United Kingdom leave the European Union. 2017-09-21T20:47:41Z 2017-09-21T20:47:41Z 2017-09 Working Paper Document de travail Documento de trabajo http://documents.worldbank.org/curated/en/164821505330746382/Short-term-impact-of-Brexit-on-the-United-Kingdoms-export-of-goods https://hdl.handle.net/10986/28373 English en_US Policy Research Working Paper;No. 8195 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf World Bank, Washington, DC |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English en_US |
| topic |
EXPORTS BREXIT OVERALL TRADE RESTRICTIVENESS INDEX MOST FAVORED NATION NONTARIFF MEASURES EXPORTS BREXIT OVERALL TRADE RESTRICTIVENESS INDEX MOST FAVORED NATION NONTARIFF MEASURES |
| spellingShingle |
EXPORTS BREXIT OVERALL TRADE RESTRICTIVENESS INDEX MOST FAVORED NATION NONTARIFF MEASURES EXPORTS BREXIT OVERALL TRADE RESTRICTIVENESS INDEX MOST FAVORED NATION NONTARIFF MEASURES Kee, Hiau Looi Nicita, Alessandro Short-Term Impact of Brexit on the United Kingdom's Export of Goods |
| description |
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. The study assumes that there are no
further compliance costs associated with the existing
nontariff measures facing firms in the United Kingdom,
should the United Kingdom leave the European Union. |
| format |
Working Paper |
| topic_facet |
EXPORTS BREXIT OVERALL TRADE RESTRICTIVENESS INDEX MOST FAVORED NATION NONTARIFF MEASURES |
| author |
Kee, Hiau Looi Nicita, Alessandro |
| author_facet |
Kee, Hiau Looi Nicita, Alessandro |
| author_sort |
Kee, Hiau Looi |
| title |
Short-Term Impact of Brexit on the United Kingdom's Export of Goods |
| title_short |
Short-Term Impact of Brexit on the United Kingdom's Export of Goods |
| title_full |
Short-Term Impact of Brexit on the United Kingdom's Export of Goods |
| title_fullStr |
Short-Term Impact of Brexit on the United Kingdom's Export of Goods |
| title_full_unstemmed |
Short-Term Impact of Brexit on the United Kingdom's Export of Goods |
| title_sort |
short-term impact of brexit on the united kingdom's export of goods |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017-09 |
| url |
http://documents.worldbank.org/curated/en/164821505330746382/Short-term-impact-of-Brexit-on-the-United-Kingdoms-export-of-goods https://hdl.handle.net/10986/28373 |
| work_keys_str_mv |
AT keehiaulooi shorttermimpactofbrexitontheunitedkingdomsexportofgoods AT nicitaalessandro shorttermimpactofbrexitontheunitedkingdomsexportofgoods |
| _version_ |
1807157827555295232 |