Hayek on Interstate Federalism and Free Trade

Who is voting for #Brexit

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Trading across Borders Doing Business ranking 2016 – high income OECD countries

What did Australia do wrong to have the worst ranking of the high income countries for doing business across borders. New Zealand is not much better. The British are not benefiting as much as they could from the common market. Being in continental Europe must have advantages except if your Germany.

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Source: Historical Data – Doing Business- World Bank Group.

Brexit: the Movie 

https://youtu.be/UTMxfAkxfQ0

Source: Brexit: the Movie | Catallaxy Files

Actual and synthetic real per capita GDP and real per worker GDP in the 1973 EU enlargement

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Source: How rich nations benefit from EU membership | VOX, CEPR’s Policy Portal.

@johnvanreenen discusses the Economics of #Brexit

Prof Patrick Minford on the EU and trade

https://youtu.be/leKEUT1TiLU

Patrick Minford on why membership of the EU is hampering Britain’s trade with the wider world

EU late joiners relative labour productivities @NickCohen4 @iainmartin1 @CapX

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Source: Edward Prescott.

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Original EU Labor Productivities Relative to U.S. @NickCohen4 @iainmartin1 @CapX

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Source: Edward Prescott.

Real GDP per working age British, Dane and Swede 1950 – 2012, PPP

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Source: Computed from OECD StatExtract and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

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Source: Computed from OECD StatExtract and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/

The data is detrended at 1.9% per  year – the trend rate of growth for the USA in the 20th century. A rising line means growth greater than 1.9% for that year,  a falling line means growth of less than 1.9% for the year. A flat line is growth of 1.9% for that year.

Britain, Sweden and Denmark all grew quickly up until the 1970s in a period known as post-war catch up.In the 1970s and early 1980s, there was the British disease. The 1970s to the early 1990s was Swedosclerosis. There was a boom in the British economy subsequent to the economics of Mrs Thatcher.

European integration explained in one easy chart

NAFTA v. the Common Market: trading across the French, German, Italian, British, Canadian and US borders – World Bank Doing Business rankings compared

Figure 1: World Bank Doing Business rankings and sub rankings for trading across the French, German, Italian, British, Canadian and US borders, 2014

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Source: World Bank Doing Business database; note: cost of importing and exporting not included.

Figure 2: World Bank Doing Business rankings – cost of importing and exporting across the French, German, Italian, British, Canadian and US borders, 2014

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Source: World Bank Doing Business database; note: cost of importing and exporting not included.

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