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The economic Gordian Knot of Brexit: an East and Southeast Asian perspective.
- Source :
- Quality & Quantity; Nov2019, Vol. 53 Issue 6, p2797-2820, 24p
- Publication Year :
- 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. [ABSTRACT FROM AUTHOR]
- Subjects :
- INTERNATIONAL trade
INTERNATIONAL economic relations
FOREIGN exchange rates
Subjects
Details
- Language :
- English
- ISSN :
- 00335177
- Volume :
- 53
- Issue :
- 6
- Database :
- Complementary Index
- Journal :
- Quality & Quantity
- Publication Type :
- Academic Journal
- Accession number :
- 139125307
- Full Text :
- https://doi.org/10.1007/s11135-019-00895-5