Pre and post effects of Brexit polling on United Kingdom economy: an econometrics analysis of transactional change
- 440 Downloads
The prospective through which United Kingdom (England, Scotland, Wales and Northern Ireland) voted in a referendum to Leave the European Union is known as Brexit. In this research, we discuss the effects of Brexit on United Kingdom economy and to accomplish this task, we have analysed the Pre-Brexit Polling and Post-Brexit Polling economic data and indicators. Different econometric tests are used for analysis and coefficient’s estimation. Three key economic variables are used: Exchange Rate (US dollar to GB Pound), Gold Price and Oil Price. These key variables are famous due to their volatile nature and thus play an important role in the economic growth. The analyses define distinguish effect in coefficients, elements, shocks and attributes on United Kingdom economy by these three key variables in the time frame of Pre and Post Brexit polling.
KeywordsBrexit Pre and post polling effect United Kingdom economy Econometrics Transactional change
- Engle, R.F., Lee, G.J.: A long run and short run component model of stock return volatility. In: Engle, R.F., White, H. (eds.) Cointegration, Causality and Forecasting: A Festschrift in Honour of Clive W. J. Granger, pp. 475–497. Oxford University Press, Oxford (1999)Google Scholar
- Hantrais, L. (2017). The Social Dimension in EU and UK Policy Development: Shaping the Post-Brexit Legacy. Working Paper CIS/2017/04, Centre for International Studies London School of EconomicsGoogle Scholar
- Ng, H., Lam, K.P.: How does the sample size affect GARCH models? In: Proceedings of the Joint Conference on Information Sciences (2006)Google Scholar
- Walker, N.: Brexit timeline: events leading to the UK’s exit from the European Union. Briefing Paper Number 07960, House of Commons Library (2017)Google Scholar