Modelling Northern Ireland within the context of the all-island economy

Abstract

Northern Ireland occupies a unique position following Brexit and the Windsor Framework. It is part of the UK fiscal, welfare and monetary unions – where the main policy levers are mostly exercised at a UK national level – along with its national economic policies for devolved administrations and regions. Simultaneously, it remains within the EU Single Market for goods with Dual EU/UK regulatory regimes, participates in the Common Travel Area (CTA) between the United Kingdom and Ireland and is supported by a commitment to continue specified areas of North-South cooperation. The economic effects of this will continue to evolve over time.