The Effect of Brexit on United Kingdom Productivity: Synthetic Control Analysis
In this paper is analysed 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.
Copyright© 2020 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.
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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