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Unveiling Economic Shifts in the United Kingdom Post-Brexit Referendum

Karadak, Andrea LU and Lidström, Ellen LU (2024) NEKN01 20241
Department of Economics
Abstract
This paper examines the economic impact of the 2016 Brexit referendum on the United Kingdom’s economy, focusing on indicators such as real GDP per capita growth and exports. Employing the Synthetic Difference-in-Differences estimation method, we construct a synthetic control unit which allows for an estimation of the treatment effect of the referendum. Our analysis reveals declining trends in real GDP per capita growth and exports following the Brexit referendum. Through this investigation, we contribute to the understanding of how household and firm uncertainty shapes economic outcomes, emphasizing the importance of informed decision-making in order to dampen spill-over effects.
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author
Karadak, Andrea LU and Lidström, Ellen LU
supervisor
organization
course
NEKN01 20241
year
type
H1 - Master's Degree (One Year)
subject
keywords
Brexit Referendum · Economic growth · European Union · Synthetic Difference-in-Differences · Trade dynamics · Uncertainty
language
English
id
9155717
date added to LUP
2024-10-01 13:06:43
date last changed
2024-10-01 13:06:43
@misc{9155717,
  abstract     = {{This paper examines the economic impact of the 2016 Brexit referendum on the United Kingdom’s economy, focusing on indicators such as real GDP per capita growth and exports. Employing the Synthetic Difference-in-Differences estimation method, we construct a synthetic control unit which allows for an estimation of the treatment effect of the referendum. Our analysis reveals declining trends in real GDP per capita growth and exports following the Brexit referendum. Through this investigation, we contribute to the understanding of how household and firm uncertainty shapes economic outcomes, emphasizing the importance of informed decision-making in order to dampen spill-over effects.}},
  author       = {{Karadak, Andrea and Lidström, Ellen}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Unveiling Economic Shifts in the United Kingdom Post-Brexit Referendum}},
  year         = {{2024}},
}