Evaluate the Post-Brexit Trade Performance under the Comparison Analysis between Britain and France in the Context of COVID-19-Reference-Cited by-同舟云学术

Evaluate the Post-Brexit Trade Performance under the Comparison Analysis between Britain and France in the Context of COVID-19

Published:2022-08-10 Issue: Volume:24 Page:270-278
ISSN:2692-6156
Container-title:BCP Business & Management
language:
Short-container-title:BCPBM

Author:

Yin Ruoqing,Zhang Yao

Abstract

With the result of the UK referendum indicating that the UK agrees to leave the EU, the trade situation has changed a lot, especially in the duration of Covid-19. This paper employs the export and import data of France and Britain between 2019 to 2021. The results show that both France and Britain suffer a deep decline in trade value in 2020 due to the disadvantages brought by the outbreak of Covid-19. Also, the trade value recovers in 2021. his paper concluded that Britain lose more than France to its’ loss of EU membership, including the attractiveness reduction of foreign direct investment (FDI), raising the cost of trade transportation and fewer voices in the European Court of Justice.

Publisher

Boya Century Publishing

Reference16 articles.

1. S. Dhingra, G. I. P. Ottaviano, T. Sampson, and J. V. Reenen, "The impact of Brexit on foreign investment in the UK," 2016.

2. S. Dhingra, H. Huang, G. Ottaviano, J. Paulo Pessoa, T. Sampson, and J. Van Reenen, "The costs and benefits of leaving the EU: trade effects," Economic Policy, vol. 32, no. 92, pp. 651-705, 2017, doi: 10.1093/epolic/eix015.

3. M. Ebell, I. Hurst, and J. Warren, "Modelling the long-run economic impact of leaving the European Union," Economic Modelling, vol. 59, pp. 196-209, 2016/12/01/ 2016, doi: https://doi.org/10.1016/j.econmod.2016.06.020.

4. G. Felbermayr, B. Heid, M. Larch, and E. Yalcin, "Macroeconomic potentials of transatlantic free trade: a high resolution perspective for Europe and the world," Economic Policy, vol. 30, no. 83, pp. 491-537, 2015, doi: 10.1093/epolic/eiv009.

5. K. Jackson and O. Shepotylo, "Post-Brexit trade survival: Looking beyond the European Union," Economic Modelling, vol. 73, pp. 317-328, 2018/06/01/ 2018, doi: https://doi.org/10.1016/j.econmod.2018.04.010.