The long-term economic implications of Brexit for Scotland : an interregional analysis

Figus, Gioele and Lisenkova, Katerina and McGregor, Peter and Roy, Graeme and Swales, Kim (2017) The long-term economic implications of Brexit for Scotland : an interregional analysis. Papers in Regional Science. ISSN 1056-8190

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    Abstract

    This paper offers a cautionary tale about the economic cost of European disintegration. Scotland provides an interesting twist on that story as somewhere that voted to remain part of the EU, but is now likely to be negatively affected, even though it is less directly exposed to EU trade than the UK. This occurs even if it were to achieve the softer Brexit with continued single market membership to which it aspires. The analysis includes potentially important lessons for the many nations and regions in which there exists pressures to move away from trade liberalization and towards protectionism.