El impacto del Brexit en la economía española

  1. Latorre, María C. 1
  2. Yonezawa, Hidemichi 2
  1. 1 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

  2. 2 Statistics Norway
Journal:
Cuadernos económicos de ICE

ISSN: 0210-2633

Year of publication: 2020

Issue Title: GLOBALIZACIÓN Y SOSTENIBILIDAD

Issue: 100

Pages: 125-148

Type: Article

DOI: 10.32796/CICE.2020.100.7121 DIALNET GOOGLE SCHOLAR lock_openOpen access editor

More publications in: Cuadernos económicos de ICE

Abstract

We estimate the micro and macroeconomic effects of Brexit using a computable general equilibrium (CGE) model. We simulate several scenarios: exit without agreement, UK stay in the European customs union, Boris Johnson's Brexit proposal, soft Brexit and a combination of Boris Johnson's Brexit with a possible treaty with the US. The model includes business heterogeneity à la Melitz (2003) and multinationals in services. The impact for Spain is limited, although the more distant the future relationship is (i.e., the higher the barriers to trade and foreign direct investment are) the more damaging Brexit becomes.

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