Posts Tagged ‘Irish economy’

New Book on Irish Economic Development

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Tuesday, March 10th, 2015

UCC’s Eoin O’Leary has just published his monograph “Irish Economic Development: High-Performing EU State or Serial Under-achiever?” From the publisher’s site:

This book offers a discerning narrative on the spectacular rise and fall of the so-called Celtic Tiger economy. It depicts Ireland as a micro-state with a unique reliance on foreign-assisted businesses, driven in part by a favourable taxation regime. It shows that rent-seeking by trades unions and property developers contributed to the fall since 2002. Although the country’s highly centralized government’s pre-disposition to lobbying has yielded international successes, it has also resulted in recurring self-inflicted crises since 1970.

This volume shows how Ireland’s export-led growth is associated more with the attraction of foreign-assisted businesses than with the development of critical masses of internationally competitive indigenous businesses. Although the success of foreign-assisted businesses in the pharmaceutical, ICT and finance sectors has been influenced by tax advantages, many of these businesses have been involved in highly productive activity in Ireland over a number of decades. The problem of rent-seeking is shown to have undermined Irish competitiveness in the internationally traded and sheltered sectors. The Irish policy mind-set is shown to lean towards distribution rather than growth. While this has been advantageous for how ‘Ireland Inc.’ interacts with other governments and international businesses, it has also resulted in a failure to resist the destructive effects of capture by lobbies.

In conclusion, this book considers future opportunities offered by the EU’s smart-specialization policy and future threats from increased international tax competition. It argues that unless Irish citizens and policymakers change deep-seated attitudes and mind-sets towards business development, the country’s performance for the next number of decades will more likely resemble serial under-achievement than that of a high-performing EU state.

Details are here:  http://www.tandf.net/books/details/9780415645126/

CSO Quarterly National Accounts Q1 2010

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Wednesday, June 30th, 2010

The CSO released the latest Quarterly National Accounts covering the first quarter of 2010. While seasonally adjusted GDP is up by 2.7% on the previous quarter, GNP is down by 0.5% (net factor outflows were up 11%on the previous quarter) . Compared to the same quarter in 2009 GDP was down by 0.7% and GNP was 4.2% lower. Exports are up compared both to the previous quarter and the same quarter a year ago. Building and construction has continued to contract significantly (-16.3%) while other industry has done very well (+11.6% for Industry including Building and Construction).

The Very Bad Luck of the Irish / Irish Miracle – or Mirage?

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Thursday, May 20th, 2010

Peter Boone and Simon Johnson turn their attention to the Irish economy in this Baseline Scenario article (also published in an edited form as “Irish Miracle – or Mirage?” on the NYT Economix blog).

2009 GNP: -11.3%; 2009 GDP: -7.1%; 2009 CA/GDP: -2.8%

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Thursday, March 25th, 2010

More releases from the CSO:

The latest national accounts release shows the scale of the contraction in 2009, with national income falling far more than the decline in production (the foreign-owned firms doing better than domestic firms).

The BOP release shows that the current account deficit has narrowed to 2.8% of GDP.

Honohan on the Economy, Banks and the Job Market

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Tuesday, February 9th, 2010

Governor Honohan delivered a speech to the Trinity College Alumni Career Network this morning: you can read it here.

Domestic Demand Doomed Ireland

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Tuesday, December 15th, 2009

The Financial Times continues its alliterative series on Ireland by publishing my letter responding to last Friday’s “Debtors in Dublin” editorial.

Ireland: Confronting the Problem

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Tuesday, December 8th, 2009

The opinion of the economics team at Goldman Sachs is important in shaping market views of the Irish economy and the Irish fiscal position:  see here for the latest briefing note by Kevin Daly.

New DKM Report on Irish Economy

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Friday, September 11th, 2009

This report includes an article on NAMA by Brendan Dowling.

Ireland in Recession: FT Analysis

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Monday, August 31st, 2009

John Murray Brown analyses the set of policy challenges facing the government in the Analysis page of today’s FT: you can read it here.

Growing the Economy

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Tuesday, June 16th, 2009

The trade union UNITE has released its recommendations for economic recovery here.

Ireland in Comparative Perspective

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Sunday, April 12th, 2009

Peter Sutherland has an op-ed in Monday’s FT: you can read it here.

The View from the Brokers

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Thursday, April 2nd, 2009

Davy, Goodbody and NCB have collaborated on this joint report on the Irish economy: you can download it here.

Greenspan on Irish Economic Recovery

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Thursday, March 26th, 2009

Ronald Greenspan of FTI presented this paper to a Dublin conference this morning, with Brian Cowen in the audience:FTIgreenspandublin


The Economist on Ireland

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Thursday, March 19th, 2009

This week’s edition carries an analysis of the Irish economy: you can read it here.

St Patrick’s Day Profile of Irish Economy on Bloomberg Radio

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Wednesday, March 18th, 2009

Click here to listen to the Bloomberg interview with Patrick Honohan.