Date and code for: BREXIT UNCERTAINTY: TRADE EXTERNALITIES BEYOND EUROPE

Principal Investigator(s): View help for Principal Investigator(s) Alejandro Graziano, University of Maryland; Kyle Handley, University of Michiga; Nuno Limao, University of Maryland

Version: View help for Version V1

Name	File Type	Size	Last Modified
IV_mfn.dta	application/x-stata	54 KB	10/12/2020 08:39:AM
README.pdf	application/pdf	122.6 KB	10/12/2020 08:55:AM
data_construction.do	text/x-stata-syntax	3.5 KB	10/12/2020 08:40:AM
eurostat_trade_EU-OECDp_hs6_1407.dta	application/x-stata	48.4 MB	10/12/2020 08:39:AM
eurostat_trade_EU-OECDp_hs6_1408.dta	application/x-stata	45.7 MB	10/12/2020 08:39:AM
eurostat_trade_EU-OECDp_hs6_1409.dta	application/x-stata	48.7 MB	10/12/2020 08:39:AM
eurostat_trade_EU-OECDp_hs6_1410.dta	application/x-stata	49.8 MB	10/12/2020 08:39:AM
eurostat_trade_EU-OECDp_hs6_1411.dta	application/x-stata	48.5 MB	10/12/2020 08:39:AM
eurostat_trade_EU-OECDp_hs6_1412.dta	application/x-stata	47.9 MB	10/12/2020 08:39:AM
eurostat_trade_EU-OECDp_hs6_1501.dta	application/x-stata	46.8 MB	10/12/2020 08:39:AM

Project Citation:

Graziano, Alejandro, Handley, Kyle, and Limao, Nuno. Date and code for: BREXIT UNCERTAINTY: TRADE EXTERNALITIES BEYOND EUROPE. Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-10-12. https://doi.org/10.3886/E120753V1

Project Description

Summary:

Brexit uncertainty has reduced trade between the United Kingdom (UK) and rest of the European Union (EU). Recent evidence finds lower UK firm export entry into the EU and lower UK-EU bilateral export values and product entry. The ongoing risk of renegotiation since the June 2015 referendum announcement, generates an option value of waiting for firms making sunk cost investments, e.g. to export. After Brexit the UK will no longer be subject to the EU common trade policy and will therefore have to renegotiate preferential trade agreements (PTAs) and multilateral ones. We test the importance of this source of Brexit uncertainty and find evidence of negative trade externalities beyond Europe.

Scope of Project

JEL Classification:
      E02 Institutions and the Macroeconomy
      F02 International Economic Order and Integration
      F10 Trade: General

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Published Versions

V1 [2020-10-12]

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