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The economic impacts of post-Brexit trade options

Overview

This project documented the UK’s current trade patterns with the EU and the rest of the world. To do this, the project drew on the World Input-Output Database (WIOD). It then made use of detailed administrative data on firms to describe the proportions of workers employed in different industries at a high degree of geographic disaggregation.

To understand the extent to which greater exposure to trade shocks actually leads to longer-lasting economic impacts on affected workers or regions, the project examined the labour market effects associated with two historic trade shocks.

Finally, drawing on results from the previous exercises, the project undertook a review of possible regional and labour market policies aimed at easing the burden of adjustment for those adversely affected by trade shocks.

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