The Influence of Brexit on the Foreign Direct Investment Projects and Inflows in the United Kingdom
The main purpose of this study is to assess the impact of Brexit on the foreign direct investment (FDI) in the United Kingdom. As a novelty, compare to previous studies from the literature, the research focused on two proxies for FDI: FDI projects with the associated new and safeguarded jobs and FDI...
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Maastricht: Global Labor Organization (GLO)
2017
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fttriple:oai:gotriple.eu:oai:econstor.eu:10419/157903 2023-05-15T16:50:29+02:00 The Influence of Brexit on the Foreign Direct Investment Projects and Inflows in the United Kingdom Simionescu, Mihaela 2017-01-01 http://hdl.handle.net/10419/157903 en eng Maastricht: Global Labor Organization (GLO) gbv-ppn:1680062050 RePEc:zbw:glodps:68 http://hdl.handle.net/10419/157903 other ddc:330 C51 C53 F21 Brexit foreign direct investment FDI projects Poisson model differences-in-differences estimator eco manag Journal Article https://vocabularies.coar-repositories.org/resource_types/c_6501/ 2017 fttriple 2023-01-22T19:06:31Z The main purpose of this study is to assess the impact of Brexit on the foreign direct investment (FDI) in the United Kingdom. As a novelty, compare to previous studies from the literature, the research focused on two proxies for FDI: FDI projects with the associated new and safeguarded jobs and FDI inflows as percent of GDP. Moreover, other methods were used to measure the Brexit impact on the FDI: a gravity model approach based on mixed-effects Poisson models and a counterfactual analysis based on differences-to-differences estimators. The main results indicated that the number of FDI projects might decrease after Brexit by 65% till 90%. A higher increase by 97% is expected to the number of new and safeguarded jobs. Even if FDI inflows in the UK significantly increased compared to the rest of OECD countries because of the EU membership, the UK should follow the model of Norway and Iceland after Brexit in order to avoid significant losses in the FDI inflows. Article in Journal/Newspaper Iceland Unknown Norway |
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ddc:330 C51 C53 F21 Brexit foreign direct investment FDI projects Poisson model differences-in-differences estimator eco manag |
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ddc:330 C51 C53 F21 Brexit foreign direct investment FDI projects Poisson model differences-in-differences estimator eco manag Simionescu, Mihaela The Influence of Brexit on the Foreign Direct Investment Projects and Inflows in the United Kingdom |
topic_facet |
ddc:330 C51 C53 F21 Brexit foreign direct investment FDI projects Poisson model differences-in-differences estimator eco manag |
description |
The main purpose of this study is to assess the impact of Brexit on the foreign direct investment (FDI) in the United Kingdom. As a novelty, compare to previous studies from the literature, the research focused on two proxies for FDI: FDI projects with the associated new and safeguarded jobs and FDI inflows as percent of GDP. Moreover, other methods were used to measure the Brexit impact on the FDI: a gravity model approach based on mixed-effects Poisson models and a counterfactual analysis based on differences-to-differences estimators. The main results indicated that the number of FDI projects might decrease after Brexit by 65% till 90%. A higher increase by 97% is expected to the number of new and safeguarded jobs. Even if FDI inflows in the UK significantly increased compared to the rest of OECD countries because of the EU membership, the UK should follow the model of Norway and Iceland after Brexit in order to avoid significant losses in the FDI inflows. |
format |
Article in Journal/Newspaper |
author |
Simionescu, Mihaela |
author_facet |
Simionescu, Mihaela |
author_sort |
Simionescu, Mihaela |
title |
The Influence of Brexit on the Foreign Direct Investment Projects and Inflows in the United Kingdom |
title_short |
The Influence of Brexit on the Foreign Direct Investment Projects and Inflows in the United Kingdom |
title_full |
The Influence of Brexit on the Foreign Direct Investment Projects and Inflows in the United Kingdom |
title_fullStr |
The Influence of Brexit on the Foreign Direct Investment Projects and Inflows in the United Kingdom |
title_full_unstemmed |
The Influence of Brexit on the Foreign Direct Investment Projects and Inflows in the United Kingdom |
title_sort |
influence of brexit on the foreign direct investment projects and inflows in the united kingdom |
publisher |
Maastricht: Global Labor Organization (GLO) |
publishDate |
2017 |
url |
http://hdl.handle.net/10419/157903 |
geographic |
Norway |
geographic_facet |
Norway |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
gbv-ppn:1680062050 RePEc:zbw:glodps:68 http://hdl.handle.net/10419/157903 |
op_rights |
other |
_version_ |
1766040620359483392 |