The negative impact of disintegration on trade: the case of Brexit

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dc.contributor.authorLucio, Juan de
dc.contributor.authorMínguez, Raúl
dc.contributor.authorMinondo, Asier
dc.contributor.authorRequena Silvente, Francisco
dc.date.accessioned2025-04-15T14:56:27Z
dc.date.available2025-04-15T14:56:27Z
dc.date.issued2024-04
dc.date.updated2025-04-15T14:56:27Z
dc.description.abstractUsing firm-level export and import transactions and by applying an event study methodology, we quantify the impact of the UK's withdrawal from the EU's single market and customs union on Spain–UK trade flows. We find that Spanish exports and imports to the UK decreased by 24% and 27%, respectively, compared to the period before the Brexit referendum. The probability of Spanish exporters and importers starting a trade relationship with the UK decreased and the probability of ending one increased. Products subject to sanitary and phytosanitary measures, stringent rules of origin, and whose technical standards had not been harmonized before disintegration experienced a stronger decline in trade flows. Large firms faced a more severe decrease in exports than small ones after disintegrationen
dc.description.sponsorshipThis research was conducted as part of the Project PID2021-122133NB-I00 financed by MCIN/AEI/10.13039/501100011033/FEDER, EU, Spain. We also gratefully acknowledge the financial support from the Basque Government Department of Education (IT1429-22), the Comunidad de Madrid and UAH (EPU-INV/2020/006), and the Generalitat Valenciana, Programa Prometeu 2023 (CIPROM/2022/50)en
dc.identifier.citationde Lucio, J., Mínguez, R., Minondo, A., & Requena, F. (2024). The negative impact of disintegration on trade: the case of Brexit. European Economic Review, 163. https://doi.org/10.1016/J.EUROECOREV.2024.104698
dc.identifier.doi10.1016/J.EUROECOREV.2024.104698
dc.identifier.issn0014-2921
dc.identifier.urihttp://hdl.handle.net/20.500.14454/2629
dc.language.isoeng
dc.publisherElsevier B.V.
dc.rights© 2024 The Author(s)
dc.subject.otherBrexit
dc.subject.otherEuropean union
dc.subject.otherRules of origin
dc.subject.otherSpanish firms
dc.subject.otherTrade costs
dc.subject.otherTrade policy uncertainty
dc.titleThe negative impact of disintegration on trade: the case of Brexiten
dc.typejournal article
dcterms.accessRightsopen access
oaire.citation.titleEuropean Economic Review
oaire.citation.volume163
oaire.licenseConditionhttps://creativecommons.org/licenses/by-nc/4.0/
oaire.versionVoR
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