The Statistical & Social Inquiry Society of Ireland [ssisi.ie]
invites you to attend the 2019 Barrington Lecture on the following topic:
“US corporate tax rate cuts: Spillovers to the Irish economy“
By: Daragh Clancy (European Stability Mechanism)
to be delivered on: Thursday 21st February 2019 at 5.30pm
at the: Royal Irish Academy
The proposer of thanks is Professor Frank Barry, Trinity College Dublin.
Abstract: We examine spillovers to the Irish economy from US corporate income tax rate cuts and find they lead to a small but persistent increase in Irish output. Our analysis of the transmission channels shows that this expansion is largely driven by an increase in investment, employment and exports in the externally-financed industrial sector. We also find that spillovers from US corporate income tax cuts are larger when the Irish economy is already expanding. Our findings suggest that the changing structure of the Irish economy means any spillovers to real economic activity from the recent US corporate tax cuts could be relatively minor. However, the shifting focus of foreign multinational corporations’ operations in Ireland means that there is a risk of a capital outflow.
Non-members are welcome to attend and participate in the discussion.