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The Brexit Trade Disruption Revisited

PublikationArtikel (med peer review)
Andreas Hatzigeorgiou, Brexit, Företagandets villkor, Handel, Magnus Lodefalk, Migration

Sammanfattning

political implications. One of the most profound economic impacts would be on trade—the EU is the UK’s most important trade partner, with approximately half of UK total trade. A Brexit would imply looser economic integration between the UK and EU. In addition to the trade barriers that would arise from leaving the single market, there would also be negative trade policy effects. Previous analyses of the cost of a Brexit to the UK economy in terms of trade have probably underestimated the impact because they overlook the trade-enhancing role of migration. A Brexit would be likely to limit migration, which, in turn, would aggravate the exit’s trade-disruptive effect.

Hatzigeorgiou, A., & Lodefalk, M. (2016). The Brexit Trade Disruption Revisited. The Estey Journal of International Law and Trade Policy, 17(1), 41-58.


Liknande innehåll

A Literature Review of the Nexus between Migration and Internationalization
Artikel (med peer review)Publikation
Hatzigeorgiou, A. & Lodefalk, M.
Publiceringsår

2021

Sammanfattning

Protectionism and anti-globalization tides have been rising already before the COVID-19 pandemic, with Brexit and the China-U.S. trade war, as two examples. A continued disruption to global trade, investment and value chains could worsen global development. Economic recovery will require restoring firms’ ability to trade, offshore and invest globally. To achieve this, it will be useful to understand the role of migration for foreign trade, investment and other aspects of internationalization. In this paper we review and discuss over 100 papers published about migrants’ roles on international trade, foreign direct investment and offshoring. Although the evidence suggests that migration facilitates trade and internationalization, we also note substantial gaps and inconsistencies in the existing literature. The aim of this paper is to encourage further research and assist policymakers in their efforts to promote economic recovery including internationalization.

Ratio Working Paper No. 335 International Trade and Labor Market Integration of Immigrants
Working paperPublikation
Lodefalk, M., Sjöholm, F. & Tang, A.
Publiceringsår

2020

Publicerat i

Ratio Working Paper

Sammanfattning

We examine if international trade improves labor market integration of immigrants in Sweden. Immigrants participate substantially less than natives in the labor market. However, trading with a foreign country is expected to increase the demand for immigrants from that country. By hiring immigrants, a firm may access foreign knowledge and networks needed to overcome information frictions in trade. Using granular longitudinal matched employer–employee data and an instrumental variable approach, we estimate the causal effects of a firm’s bilateral trade on employment and wages of immigrants from that country. We find a positive, yet heterogeneous, effect of trade on immigrant employment but no effect on immigrant wages.

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