Research Article

BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES

Volume: 8 Number: 1 March 30, 2019
Journal of Business Economics and Finance Cover
Journal of Business Economics and Finance
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BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES

Abstract

Purpose - This research examines the exit options of the United Kingdom from the European Union and discusses the possible trade relations
between the United Kingdom and the European Union after the exit.
Methodology - In this article, the exit options are discussed from the perspective of the economic integration stages. The monetary union stage
is evaluated by using least squares method.
Findings - The monetary union would not lead to significant changes in the import and export levels of the United Kingdom. Customs Union is
the first best for the United Kingdom as she will have closer trade relations with the European Union, and on the other side, will pursue its own
dependent trade policies against the other countries.
Conclusion - From the perspective of economic integration stages, the first best would be the Customs Union. If both sides do not agree on the
Customs Union, then the second best will be free trade area, in that the UK and the EU can make trade agreements that cover crucial trade
products for both sides.

Keywords

References

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  2. Baldwin, R., Wyplosz, C. (2006). The economics of European integration. Second Edition. New York, McGraw-Hill.
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  4. Begg, I. (2016). Brexit: why, what next and how? CESifo Forum, 17 (1). pp. 30-36. ISSN 1615- 245X.
  5. Bulmer, S., Quaglia, L. (2018). The politics and economies of Brexit. Journal of European Public Policy.25 (8): 1089-1098. DOI: 10.1080/13501763.2018.1467957.
  6. Efe, H. (2017). Brexit sonrası Birleşik Krallık ve Avrupa Birliği arasindaki tek pazar üzerine müzakereler: “sert” Brexit mi, “yumuşak” Brexit mi? E. Erol & D. Şekeroğlu (Ed.). In: BREXIT – Elveda Avrupa İngiltere’nin AB’den ayrilmasindan sonra Avrupa bütünleşmesi ve Türkiye‐AB ilişkilerinde firsatlar ve tehditler (Siyasal Kitapevi, pp. 109–136). Ankara.
  7. EFTA (n.d.). The basic features of the EEA agreement. Retrieved from http://www.efta.int/eea/eea-agreement/eea-basic-features.
  8. European Central Bank (n.d.). Economic and monetary union. Retrieved from https://www.ecb.europa.eu/ecb/history/emu/html/index.en.html.

Details

Primary Language

English

Subjects

Economics, Behaviour-Personality Assessment in Psychology, Finance, Business Administration

Journal Section

Research Article

Authors

Publication Date

March 30, 2019

Submission Date

January 4, 2019

Acceptance Date

March 11, 2019

Published in Issue

Year 2019 Volume: 8 Number: 1

DOI

https://doi.org/10.17261/Pressacademia.2019.1016

IZ

https://izlik.org/JA83DY42TG

Cite

RIS / Bibtex
APA
Yilmaz, O. T. (2019). BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES. Journal of Business Economics and Finance, 8(1), 71-81. https://doi.org/10.17261/Pressacademia.2019.1016
AMA
1.Yilmaz OT. BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES. JBEF. 2019;8(1):71-81. doi:10.17261/Pressacademia.2019.1016
Chicago
Yilmaz, Ozlem Toplu. 2019. “BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES”. Journal of Business Economics and Finance 8 (1): 71-81. https://doi.org/10.17261/Pressacademia.2019.1016.
EndNote
Yilmaz OT (March 1, 2019) BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES. Journal of Business Economics and Finance 8 1 71–81.
IEEE
[1]O. T. Yilmaz, “BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES”, JBEF, vol. 8, no. 1, pp. 71–81, Mar. 2019, doi: 10.17261/Pressacademia.2019.1016.
ISNAD
Yilmaz, Ozlem Toplu. “BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES”. Journal of Business Economics and Finance 8/1 (March 1, 2019): 71-81. https://doi.org/10.17261/Pressacademia.2019.1016.
JAMA
1.Yilmaz OT. BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES. JBEF. 2019;8:71–81.
MLA
Yilmaz, Ozlem Toplu. “BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES”. Journal of Business Economics and Finance, vol. 8, no. 1, Mar. 2019, pp. 71-81, doi:10.17261/Pressacademia.2019.1016.
Vancouver
1.Ozlem Toplu Yilmaz. BREXIT OPTIONS FROM THE PERSPECTIVE OF ECONOMIC INTEGRATION STAGES. JBEF. 2019 Mar. 1;8(1):71-8. doi:10.17261/Pressacademia.2019.1016

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