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Y a-t-il une nouvelle économie en Irlande?

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  • Slevin, Geraldine

    (Central Bank of Ireland)

Abstract

This paper examines the performance of the Irish economy using a growth-accounting framework. The aim of this analysis is to determine whether a “new economy” has developed in Ireland. At the aggregate level, productivity growth increased substantially in recent years. The impressive productivity performance of the overall economy was primarily driven by the industrial sectors of the economy. A sub-sectoral analysis revealed that strong productivity growth in the aggregate manufacturing sector was largely accounted for by the high-tech sector, particularly the chemicals sector. However, a large part of the success of the high-tech sector can be attributed to US multinationals investing in Ireland. Transfer pricing by these companies and high returns to research and development results in high net output figures in this sector. This implies that any conclusions regarding a “new economy” in Ireland is rather limited, as productivity growth rates in the high-tech sector are distorted in the data. Dans la présente étude, nous examinons la performance de l’économie irlandaise au moyen d’un cadre comptable de la croissance. Cette analyse vise à déterminer si une « nouvelle économie » s’est implantée en Irlande. Au niveau agrégé, la croissance de la productivité a augmenté considérablement ces dernières années. La productivité impressionnante de l’économie dans son ensemble est attribuable principalement aux secteurs industriels de l’économie. Une analyse désagrégée révèle que la forte croissance de la productivité dans l’ensemble du secteur de la fabrication est attribuable dans une large mesure aux technologies de pointe et plus particulièrement aux produits chimiques. Toutefois, une part importante du succès du secteur des technologies de pointe peut être attribuée à l’investissement des multinationales américaines en Irlande. La production élevée dans ce secteur s’explique par l’établissement de prix de transfert par ces entreprises et du rendement élevé de la recherche et développement. Ainsi, toute conclusion concernant l’implantation d’une « nouvelle économie » en Irlande est assez limitée, puisque les taux de croissance de la productivité dans le secteur des technologies de pointe sont faussés dans les données.

Suggested Citation

  • Slevin, Geraldine, 2005. "Y a-t-il une nouvelle économie en Irlande?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 81(1), pages 111-142, Mars-Juin.
    • Handle: RePEc:ris:actuec:v:81:y:2005:i:1:p:111-142
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