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Brexit and state aid
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Crafts, N. F. R. (2017) Brexit and state aid. Oxford Review of Economic Policy, 33 (Supplement 1). S105-S112. doi:10.1093/oxrep/grx003 ISSN 0266-903X.
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Official URL: http://dx.doi.org/10.1093/oxrep/grx003
Abstract
Brexit implies that the UK may move to different rules to control state aid, although changes will be minimal if it remains within the EEA and could be minor in the event of an EU/UK trade agreement. With a ‘hard’ Brexit, there could be much greater scope for selective industrial policy and that might be seductive to a government intent on a new industrial strategy. In this case, however, the risks of ‘government failure’ are considerable and it would be desirable to devise an institutional framework that strictly limits the scope for politicians to exercise discretion.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||||||
Divisions: | Faculty of Social Sciences > Economics | ||||||||
Library of Congress Subject Headings (LCSH): | Economic forecasting -- Great Britain, Government aid -- Great Britain, Great Britain -- Foreign economic relations -- European Union countries, European Union countries -- Foreign economic relations -- Great Britain, Industrial policy -- Great Britain | ||||||||
Journal or Publication Title: | Oxford Review of Economic Policy | ||||||||
Publisher: | Oxford University Press | ||||||||
ISSN: | 0266-903X | ||||||||
Official Date: | 1 March 2017 | ||||||||
Dates: |
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Volume: | 33 | ||||||||
Number: | Supplement 1 | ||||||||
Page Range: | S105-S112 | ||||||||
DOI: | 10.1093/oxrep/grx003 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 12 January 2018 | ||||||||
Date of first compliant Open Access: | 1 March 2019 |
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