브렉시트가 EU의 산업구조에 미치는 영향 분석
Analysis on Effect of Brexit on an Industrial Structure Change in EU
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초록
The purpose of this study is to analyze the characteristics and changes of EU's industrial structure and the impact of Brexit on EU's industrial structure. For this we have to use the World Input-Output Table (WIOT) in the World Input-Output Database. The main implications of the empirical analysis are summarized as follows. First, in the integration of EU15 (a group of countries that joined EU in 1995 and 2003) and EU12 (a group of countries that did not participate in EU in 1995 and 2003, but joined EU in 2007 and 2011) there is considerable disparity in terms of production scale and the service economy, and dependency on the input-output relationship. Second, the result shows that Brexit reduces the intra-regional production inducing effect of most industries in EU. Third, Brexit changes the structure of the inter-industry relationship between EU and ROW. In other words, while Brexit strengthens the dependence of EU on intermediate goods imported from ROW, it weakens the dependence of ROW on intermediate goods imported from EU. Finally, Brexit increases key sectors of EU.
Abstract
The purpose of this study is to analyze the characteristics and changes of EU's industrial structure and the impact of Brexit on EU's industrial structure. For this we have to use the World Input-Output Table (WIOT) in the World Input-Output Database. The main implications of the empirical analysis are summarized as follows. First, in the integration of EU15 (a group of countries that joined EU in 1995 and 2003) and EU12 (a group of countries that did not participate in EU in 1995 and 2003, but joined EU in 2007 and 2011) there is considerable disparity in terms of production scale and the service economy, and dependency on the input-output relationship. Second, the result shows that Brexit reduces the intra-regional production inducing effect of most industries in EU. Third, Brexit changes the structure of the inter-industry relationship between EU and ROW. In other words, while Brexit strengthens the dependence of EU on intermediate goods imported from ROW, it weakens the dependence of ROW on intermediate goods imported from EU. Finally, Brexit increases key sectors of EU.
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