Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/102649
Authors: 
Ottaviano, Gianmarco
Pessoa, João Paulo
Sampson, Thomas
Van Reenen, John
Year of Publication: 
2014
Series/Report no.: 
CFS Working Paper Series 472
Abstract: 
What would be the economic effects of the UK leaving the European Union on living standards of British people? We focus on the effects of trade on welfare net of lower fiscal transfers to the EU. We use a standard quantitative static general equilibrium trade model with multiple sectors, countries and intermediates, as in Costinot and Rodriguez-Clare (2013). Static losses range between 1.13% and 3.09% of GDP, depending on the assumptions used in our counterfactual scenarios. Including dynamic effects could more than double such losses.
Subjects: 
Trade
European Union
welfare
JEL: 
F13
F17
F60
Document Type: 
Working Paper

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