The Effect of Brexit on United Kingdom Productivity: Synthetic Control Analysis
In this paper I analyze the effect of Brexit on United Kingdom labor productivity and its components using a synthetic control methodology. My results show that the Brexit vote had a negative impact on labor productivity, causing GDP per hour worked to decrease by an average of 2.24% per year in comparison to the absence of Brexit. The two components of labor productivity are GDP and hours worked. I find that the decrease in the GDP is more than the increase in hours worked per person, causing the labor productivity to decline.
Farid, M. (2020). The Effect of Brexit on United Kingdom Productivity: Synthetic Control Analysis. Journal of Applied Economic Sciences, Volume XV, Winter 4(70), 791-800. https://doi.org/10.57017/jaes.v15.4(70).07
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