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|z 9781484382011
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|a 1018-5941
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|a BD-DhAAL
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|a Gornicka, Lucyna.
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|a Brexit Referendum and Business Investment in the UK /
|c Lucyna Gornicka.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (20 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK. An interaction term of potential trade costs after exiting the EU and a measure of firms' participation in global trade is used as a proxy for firm-level exposure to Brexit-related effects. The results suggest that potential trade costs have had a considerable and statistically significant negative impact on firm investment in the UK after the referendum. At the same time, the post-referendum sterling depreciation has likely contributed positively to investment expenditure by more foreign-oriented firms.
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|a Mode of access: Internet
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|a Brexit
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|a Business Investment
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|a Firm
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|a Investment
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|a WP
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|a United Kingdom
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|a IMF Working Papers; Working Paper ;
|v No. 2018/247
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/247/001.2018.issue-247-en.xml
|z IMF e-Library
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