The New Palgrave Dictionary of Economics

Living Edition
| Editors: Matias Vernengo, Esteban Perez Caldentey, Barkley J. Rosser Jr

The Economics of Brexit

Living reference work entry


This entry surveys the economics academic literature on Brexit. It is organised in three parts: pillars, channels and consequences. The two building blocks to understand Brexit are the economic history of the UK-EU relationship and the literature on the political economy of globalisation and populism. The entry then reviews the evidence on the standard mechanisms through which the UK benefited from EU integration (trade, migration and FDI). Next it surveys the short-run effects of the vote and discusses expected long-term consequences of “Brexit proper.” It concludes by identifying key gaps in the literature on Brexit.

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Authors and Affiliations

  1. 1.ETH-ZurichBrunel UniversityLondonUK

Section editors and affiliations

  • Iain Begg

There are no affiliations available