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The Northern Ireland Economy: Problems & Prospects [SSISI online talk, April 9]

The Statistical & Social Inquiry Society of Ireland is holding its fifth Ordinary Meeting of the 173rd session, where a presentation entitled “The Northern Ireland Economy: Problems and Prospects” will be given by John Fitzgerald (Trinity College Dublin & Economic & Social Research Institute) and Edgar Morgenroth (Dublin City University).

Given the measures taken to address the covid19 epidemic, this meeting will take place online, using Microsoft Teams. The talk will take place on Thursday 9th April 2020 at 4.30pm, with the vote of thanks led by Esmond Birnie (University of Ulster).

Abstract: This paper considers the lacklustre performance of the Northern Ireland economy in recent decades, in particular the very low productivity growth. The low level of human capital and the continued low levels of investment account for much of this poor performance. To address its economic weakness, Northern Ireland needs to reallocate resources to investment in physical and human capital over a sustained period. To date, large transfers from central government have ensured that the standard of living in Northern Ireland is close to the UK average and above that of Ireland, in spite of its weak economy. However, the dependence of Northern Ireland on these transfers leaves it very vulnerable to shocks. Because of Northern Ireland’s dependence on transfers and its weak economic structure, Irish unification, however it was handled, would be likely to be very expensive for both the Republic of Ireland and Northern Ireland.

In order to allow the Society to plan the meeting effectively, if you are interested in attending, please register via Eventbrite. As always, non-members are welcome to attend and participate in the discussion.