Brexit impact on European Union's destructuration and its contribution to a new economic crisis: A new modelling approach

Abstract

The basic economics considers that Brexit will have a great impact on EUs economy after its finalization. This study introduces a new model (RIV‐2) and a new mathematical approach to quantify and measure the Brexit's impact on EU and UK. Five representative economic indicators were put into analysis during a specific time period. The analysis in the paper points out the elements and the dimension of the economic destructuration in UK and EU economies due to the Brexit. Moreover, the forecasting procedures applied in the paper lead to the same economic conclusions. The correlated analyses realized in connection to UK and EU economies point out the future better economic performance of the EU economy compared to UK economy on short and medium terms.

News sentiment and international equity markets during BREXIT period: A textual and connectedness analysis

“…Large parts of the process have been dominated by strong uncertainty, from the outcome of the 2016 referendum to the complex deal‐making process and the rejection of potential deals by the British parliament. As the final negotiation outcome could result in anything between almost no changes and the loss of access to the European Single Market for UK‐based companies (Escribano & Íñiguez, 2021; Gottschalk, 2021; Ionescu et al, 2021) and vice versa, the valuation of companies operating in and out of the United Kingdom and the European Union has become inherently more difficult. People tend to choose e‐digital over other forms of communication, which enables them to rapidly acquire information.…”