The economic Gordian Knot of Brexit: an East and Southeast Asian perspective
Document Type
Article
Publication Date
1-1-2019
Abstract
The objective of this paper is to establish conceptual foundations of analyzing the economic dimensions of Brexit. The International Financial-Trade Exchange Leaking Index (TIFTEL-Index) attempts to analyze and compare pre-Brexit versus post-Brexit international trade and international financial transactions between East and Southeast Asia and Europe. TIFTEL-index is based on three main variables, namely (1) international trade exchange marginal rate (∆Τ′), (2) international financial exchange marginal rate (∆σ′), and (3) GDP in real prices growth marginal rate (∆γ). Simulation findings indicate that Brexit will have only a limited negative effect on the world economy. In addition, Brexit will affect East Asia more than Southeast Asia region. © 2019, Springer Nature B.V.
Keywords
Asia, Brexit, Economic modeling, Europe, F1, F3, G1, Policy modeling
Divisions
FacultyofEconomicsAdministration
Publication Title
Quality & Quantity
Volume
53
Issue
6
Publisher
Springer Verlag