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. Discussion paper. University of Strathclyde, Glasgow.

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    Abstract

    The analysis of this paper offers a cautionary tale about the economic cost of European disintegration. Scotland offers an interesting twist on that story as somewhere that voted to remain part of the EU but is now negatively affected, even though it is less directly exposed to EU trade than the UK, and even if it were to achieve a softer Brexit such as EEA or even full EU membership (as it has aspirations to do). The analysis includes potentially important lessons for the many nations and regions in which there exists pressures to move away from trade liberalisation and towards protectionism.