Levelling Up by Levelling down: The economic and political cost of Brexit

Eleonora Alabrese, Jacob Edenhofer, Thiemo Fetzer, Shizhuo Wang

Research output: Working paper / PreprintWorking paper

6 Downloads (Pure)

Abstract

The study uses a synthetic control method to estimate the local economic cost of Brexit. The vast majority of regions in the UK have lost as a result of Brexit. Since losses tend to be concentrated in relatively prosperous regions, Brexit has reduced regional inequalities (“levelling up“) while pushing down national output (“levelling down“ in the aggregate). Using both aggregate data from local elections and individual-level survey data from the British Election Study, we find that, politically, those areas that experienced Brexit-related out put losses saw increases in support for right-wing populist parties, while the electoral fortunes of the Labour party declined.
Original languageEnglish
Number of pages74
Publication statusUnpublished - 2 Jul 2024

Fingerprint

Dive into the research topics of 'Levelling Up by Levelling down: The economic and political cost of Brexit'. Together they form a unique fingerprint.

Cite this