Indecon have conducted a survey of economists on the economic impact of the Lisbon Treaty vote. The full results of the survey can be downloaded here.
Category: Economic Performance
This report includes an article on NAMA by Brendan Dowling.
The papers report nsa, as usual, CPI and HICP numbers for August, released yesterday by CSO. There is a non-trivial seasonal for August against July, and the sa change in the CPI is + 0.2, due mainly to mortgage costs, below the nsa +0.4 reported in the prints. The HICP, which excludes mortgage costs and is, I believe, a better index, was unchanged on the month.
OECD has analysed the likely impact of the current crisis on long-term economic growth and the innovation-related actions in policy responses of its member countries.
You can find the report here
Ireland is not covered in the report. It appears that Ireland has not responded to the questionnaire circulated by the OECD by the cut-off date for this report (early May 2009)
In the context of current discussions about the government spending on R&D and more broadly on science, technology and innovation the key question should be how to use the public resources in the most efficient way. While the fact that markets do not provide sufficient incentives for individuals and firms to engage in socially optimal R&D and innovation is well established in theory and documented by existing empirical evidence (due to positive externalities private returns to R&D investment are lower than social returns), in some cases government action may not provide effectively appropriate incentives at sufficiently low administrative and compliance cost, and without creating further distortions (crowding out).
Given scarce public funds, assessing the efficiency and effectiveness of public spending on R&D and their determinants should be given a high attention in Ireland.