Abstract

https://ssrn.com/abstract=2879285
 


 



Turning on the Light: Assessing the Impact of Brexit Using Electricity Demand as a Proxy


Tom Kirchmaier


London School of Economics - CEP & FMG

Nerea Ruiz de Gauna de Santiago


London School of Economics & Political Science (LSE)

January 11, 2017


Abstract:     
In this short paper we are developing an empirical model that allows us to assess the economic impact of Brexit nearly in real-time. For this we use the electricity demand in England and Wales as a proxy of economic activity. We control for a large variety of external influencing factors like varies weather indicators, calendar and time variables, as well as public holidays and other events (e.g. Olympics). The resulting residuals allow us to make inferences on the economic, and here in particular manufacturing activity, in the country.

Number of Pages in PDF File: 8

Keywords: Brexit, Energy Demand, Economic Activity

JEL Classification: E27, E37, E65


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Date posted: December 14, 2016 ; Last revised: January 12, 2017

Suggested Citation

Kirchmaier, Tom and Ruiz de Gauna de Santiago, Nerea, Turning on the Light: Assessing the Impact of Brexit Using Electricity Demand as a Proxy (January 11, 2017). Available at SSRN: https://ssrn.com/abstract=2879285 or http://dx.doi.org/10.2139/ssrn.2879285

Contact Information

Tom Kirchmaier (Contact Author)
London School of Economics - CEP & FMG ( email )
Houghton Street
London, WC2A 2AE
United Kingdom
+44 207 955 6854 (Phone)
HOME PAGE: http://cep.lse.ac.uk
Nerea Ruiz de Gauna de Santiago
London School of Economics & Political Science (LSE) ( email )
Houghton Street
London, WC2A 2AE
United Kingdom
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