Making the Worst of a Bad Situation: A Note on Irexit

Davies, Ronald B:; Francois, Joseph (2018). Making the Worst of a Bad Situation: A Note on Irexit. The Economic and Social Review, 49(4), pp. 455-462. Economic and Social Studies

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Relative to the rest of the EU, Ireland is especially vulnerable to the fallout from Brexit, both economically and politically. With increasing frustration over the reaction from Brussels, some are suggesting that an Irish exit from the EU would benefit the nation. A key argument for this is that it would allow for reintegration with the UK, thus reinstating close ties with one of its largest trading partners. Using a structurally estimated general equilibrium model, we estimate that such a move would substantially worsen the impacts of Brexit, with lower-skill and agricultural workers being disproportionately affected. This is due to the fact that while the UK is one of Ireland’s most important trading partners, trade with the rest of the EU is much more important.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Other Institutions > Teaching Staff, Faculty of Business, Economics and Social Sciences
02 Faculty of Law > Department of Economic Law > World Trade Institute
10 Strategic Research Centers > World Trade Institute

02 Faculty of Law > Department of Economic Law > NCCR International Trade Regulation

UniBE Contributor:

Davies, Ronald Brandon and Francois, Joseph

Subjects:

300 Social sciences, sociology & anthropology > 340 Law
300 Social sciences, sociology & anthropology > 380 Commerce, communications & transportation
300 Social sciences, sociology & anthropology > 320 Political science

ISSN:

0012-9984

Publisher:

Economic and Social Studies

Language:

English

Submitter:

Rebecca Anne Gilgen

Date Deposited:

13 Feb 2019 14:51

Last Modified:

04 Nov 2019 23:57

BORIS DOI:

10.7892/boris.126108

URI:

https://boris.unibe.ch/id/eprint/126108

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