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The impact of the Economic Adjustment Programme for Ireland: a synthetic control approach

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  • Daniel de Abreu Pereira Uhr
  • Felipe Weizenmann
  • Julia Gallego Ziero Uhr

Abstract

We examine the effect of the Economic Adjustment Programme for Ireland on the country’s per capita income. We are the first to provide empirical analysis on the importance of the program to Irish economic recovery post-financial crisis. We employ the synthetic control approach with bias correction with World Bank Opendata and Irish Central Statistics Office data from 2000 to 2019. Our results indicate that the EAP had a positive and statistically significant impact on Ireland’s per capita income, with an average effect of 5,626.27 US$. These conclusions are robust to a placebo test and the Synthetic Difference in Difference estimator.

Suggested Citation

  • Daniel de Abreu Pereira Uhr & Felipe Weizenmann & Julia Gallego Ziero Uhr, 2024. "The impact of the Economic Adjustment Programme for Ireland: a synthetic control approach," Economics and Business Letters, Oviedo University Press, vol. 13(2), pages 82-90.
    • Handle: RePEc:ove:journl:aid:19864
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/19864
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    References listed on IDEAS

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    10. Abadie, Alberto & Diamond, Alexis & Hainmueller, Jens, 2010. "Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California’s Tobacco Control Program," Journal of the American Statistical Association, American Statistical Association, vol. 105(490), pages 493-505.
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