Work detail

Impact of brexit on Great Britain's foreign trade with the Czech Republic and Slovakia

Author: Bc. Taťána Brousilová
Year: 2021 - summer
Leaders: PhDr. Michal Hlaváček Ph.D.
Consultants:
Work type: Bachelors
Language: Czech
Pages: 61
Awards and prizes:
Link:
Abstract: The United Kingdom is the first country ever to leave European Union. The aim of this
bachelor thesis is to analyse the impact of Brexit on the Czech and Slovak Republic. This
thesis characterizes the foreign trade of the Czech Republic and Slovakia with the
assumption that most of the impact of Brexit will depend on indirect trade links and not only
on the foreign trade of the United Kingdom with the Czech Republic and Slovakia. This
effect is expected due to Germany being the main trading partner of the Czech Republic and
Slovakia. Using Input-Output analysis and two symmetric Input-Output tables for these
countries, the direct impact caused by the reduction in exports of the United Kingdom was
estimated first. Using the World Input-Output Table, the direct and indirect impact on the
Czech Republic and Slovakia was calculated. This impact is caused by the weakening
of the trade relationships between the United Kingdom and the Member States of the
European Union. The analysis confirms the expected increased impact of Brexit on the
Czech Republic and Slovakia through indirect trade links. The analysis further identifies the
production of motor vehicles, trailers and semi-trailers as the most affected sector, both in
the Czech Republic and in Slovakia

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