The costs of economic nationalism: Evidence from the Brexit experiment

Economic nationalism is on the rise, but at what cost? We study this question using the unexpected outcome of the Brexit referendum vote as a natural macroeconomic experiment. Employing synthetic control methods, we first show that the Brexit vote has caused a UK output loss of 1.7% to 2.5% by year-...

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Bibliographic Details
Main Authors: Born, B, Müller, G, Schularick, M, Sedláček, P
Format: Journal article
Language:English
Published: Oxford University Press 2019