COEP Replication Package for "Business as Usual? Unravelling the Impact of Brexit on UK-EU Business Links"

We present the first systematic evidence on the impact of Brexit on the business links between the UK and the EU through the lens of international visits. We find important asymmetry in the direction of changes in business visits between the two regions following the referendum. Specifically, we observe a significant drop in EU-to-UK trips, while UK-to-EU trips increased noticeably after the vote. These results support the claim that Brexit has made the UK less attractive to EU businesses, but also reveal that UK businesses are investing more in their relationships with EU partners to offset the uncertainty.

我们通过国际出行视角，提供了首份关于英国脱欧（Brexit）对英国（UK）与欧盟（EU）间商业联系产生影响的系统性实证证据。研究发现，脱欧公投后双方的商务出行变化方向存在显著不对称性。具体而言，我们观察到欧盟赴英商务出行出现显著下滑，而英国赴欧商务出行则在公投后实现了明显增长。上述研究结果佐证了相关论断：英国脱欧使英国对欧盟企业的吸引力有所下降，但同时也揭示出英国企业正加大与欧盟合作伙伴的关系投入，以对冲相关不确定性。