Responses to critics

 

 

 

The economics of a ‘no deal’ Brexit – rebutting the FT’s Martin Wolf

Patrick Minford responds to an article by the FT’s Martin Wolf which rejects the Economists for Free Trade analysis of ‘no deal’.

To read Patrick’s response to Martin Wolf, explaining why the EFT position is correct, click here.

The effects of Brexit on the economy – a response to the FT’s Chris Giles

Patrick Minford responds to the claim by the FT’s Chris Giles that the forecasting record of Economists for Free Trade was “worse” than the consensus of economists.

To read Patrick’s response, click here.

Classical or Gravity? Which Trade Model Best Matches the UK Facts?

Patrick Minford and Yongdeng Xu examine the empirical evidence bearing on whether UK trade is gov- erned by a Classical model or by a Gravity model, using annual data from 1965 to 2015 and the method of Indirect Inference which has very large power in this application. We found that the Classical model passed the test comfortably, and that the Gravity model also passed it but at a rather lower level of probability, though as the test power was raised it was rejected. The two models’ policy implications are similar.

To read the paper, click here.

 

Response to Royal Economic Society’s concerns about BBC coverage of From Project Fear to Project Prosperity

Patrick Minford has responded to concerns raised by the Royal Economic Society over the “considerable publicity” given by the BBC to our From Project Fear to Project Prosperity launch in August 2017.

To read Patrick’s response in full, click here and to read the Royal Economic Society’s original concerns, click here.

 

A response to critics of From Project Fear to Project Prosperity introduction

You can view the response from Professor Patrick Minford here.

 

Rebuttal of LSE press release

You can view the response from Professor Patrick Minford here.

 

Open letter to the Financial Times

You can view Professor Patrick Minford’s letter here.

 

Response to Ambrose Evans-Pritchard in The Telegraph

You can view the response from Patrick Minford here.

 

Response to TPRO blog by Alan Winters

You can view the response from Patrick Minford here.

 

Response to Nigel Driffield in Financial Times

You can view the response from Patrick Minford here.

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