The economic effects of Brexit in the “Campo de Gibraltar”: an econometric approach, Luis Galiano Bastarrica. ARI 26/2019 – 26/2/2019
The UK’s exit from the EU has become a political maze. Uncertainties increase and so do the negative economic effects, especially on Britain’s European borders: Northern Ireland and the Campo de Gibraltar in Spain.
Geographical proximity generates positive economic effects to the inhabitants of the Campo de Gibraltar, the area adjoining Gibraltar, due to cross-border employment (workers with a job in Gibraltar who live in the Campo) and the exchange of goods. This economic impulse is clearly necessary in a region with high levels of unemployment. However, the increasingly likely absence of an agreement is jeopardising these effects: both parties (Gibraltar and the Campo), considering the institutional instability in the UK, are readying themselves for the worst-case scenario.
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