TY  - UNPD
A1  - Ottaviano, Gianmarco I. P.
A1  - Pessoa, João Paulo
A1  - Sampson, Thomas
A1  - Van Reenen, John
T1  - The costs and benefits of leaving the EU
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 472
N2  - What would be the economic effects of the UK leaving the European Union on living standards of British people? We focus on the effects of trade on welfare net of lower fiscal transfers to the EU. We use a standard quantitative static general equilibrium trade model with multiple sectors, countries and intermediates, as in Costinot and Rodriguez-Clare (2013). Static losses range between 1.13% and 3.09% of GDP, depending on the assumptions used in our counterfactual scenarios. Including dynamic effects could more than double such losses.
T3  - CFS working paper series - 472 
KW  - trade
KW  - European Union
KW  - welfare
Y1  - 2014
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/35104
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-351041
UR  - http://ssrn.com/abstract=2506664
IS  - May 13, 2014
PB  - Center for Financial Studies
CY  - Frankfurt, M.
ER  -