@article{Jafari:332923,
      recid = {332923},
      author = {Jafari, Yaghoob and Britz, Wolfgang},
      title = {Brexit – an economy-wide Impact Assessment looking into  trade, immigration, and Foreign Direct Investment},
      address = {2017},
      year = {2017},
      note = {Presented at the 20th Annual Conference on Global Economic  Analysis, West Lafayette, IN, USA},
      abstract = {We provide an impact assessment of Brexit along three  dimensions: EU market access considering tariffs and  non-tariff barriers, impacts of less EU citizen working in  the UK and reductions in Foreign Direct Investment. Using a  Computable General Equilibrium model integrating the Melitz  (2003) framework, we consider capital accumulation and  feedback of population size on tax income and demand for  public services. In our worst-case scenario with all  dimensions considered simultaneously, welfare losses per UK  citizen amount to around 1.300 USD, exceeding result of  other studies which we link to comprehensive scenario  design and applying the Melitz model for manufacturing  sectors.  Keywords: Brexit, Computable General Equilibrium  Modeling, Modern trade theory JEL classification: C68, C63},
      url = {http://ageconsearch.umn.edu/record/332923},
}