01848cas a2200313 a 4500 AALejournalIMF018834 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484382011 1018-5941 BD-DhAAL BD-DhAAL Gornicka, Lucyna. Brexit Referendum and Business Investment in the UK / Lucyna Gornicka. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (20 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK. An interaction term of potential trade costs after exiting the EU and a measure of firms' participation in global trade is used as a proxy for firm-level exposure to Brexit-related effects. The results suggest that potential trade costs have had a considerable and statistically significant negative impact on firm investment in the UK after the referendum. At the same time, the post-referendum sterling depreciation has likely contributed positively to investment expenditure by more foreign-oriented firms. Mode of access: Internet Brexit imf Business Investment imf Firm imf Investment imf WP imf United Kingdom imf IMF Working Papers; Working Paper ; No. 2018/247 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/247/001.2018.issue-247-en.xml IMF e-Library