Business as usual? Unraveling the impact of Brexit on UK‐EU business links-Reference-Cited by-同舟云学术

Business as usual? Unraveling the impact of Brexit on UK‐EU business links

Published:2024-07-30 Issue: Volume: Page:
ISSN:1074-3529
Container-title:Contemporary Economic Policy
language:en
Short-container-title:Contemporary Economic Policy

Author:

Kone Zovanga¹,Wang Feicheng²^ORCID,Wang Zheng³⁴^ORCID,Zhou Zhuo⁵

Affiliation:

1. University of Leicester School of Business University of Leicester Leicester UK

2. Faculty of Economics and Business University of Groningen Groningen The Netherlands

3. School of Business University of Dundee Dundee UK

4. GEP University of Nottingham University Park Nottingham UK

5. Institute of World Economy Shanghai Academy of Social Sciences Shanghai China

Abstract

AbstractWe present the first systematic evidence on the impact of Brexit on the business links between the United Kingdom (UK) and the European Union (EU) through the lens of international visits. We find important asymmetry in the direction of changes in business visits between the two regions following the referendum. Specifically, we observe a significant drop in EU‐to‐UK trips, while UK‐to‐EU trips increased noticeably after the vote. These results support the claim that Brexit has made the UK less attractive to EU businesses, but also reveal that UK businesses are investing more in their relationships with EU partners to offset the uncertainty.

Publisher

Wiley

Link

https://onlinelibrary.wiley.com/doi/pdf/10.1111/coep.12662

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