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The Irish Economic ‘Miracle’: Celtic Tiger or Bengal Kitten?

In: Institutions in Crisis

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  • Anthony J. Evans

Abstract

This critical and thought-provoking book explores the causes and consequences of Europe’s failed political and economic institutions. Europe’s recession has created new challenges as market turmoil has shaken the foundations of the twin pillars of the new drive for European integration – political and monetary unions. This book critically assesses the patchwork solutions continually offered to hold the troubled unions together. Failed political policies, from the prodigious ‘Common Agricultural Policy’ to ever more common fiscal stimulus packages, are shown to have bred less than stellar results in the past, and to have devastating implications for future European growth. The contributors outline the manner through which European monetary union has subsidized and continues to exacerbate the burgeoning debt crisis. Most strikingly, the interplay between Europe’s political and economic realms is exposed as the boondoggle it is, with increasingly bureaucratic institutions plaguing the continent and endangering future potential.

Suggested Citation

  • Anthony J. Evans, 2011. "The Irish Economic ‘Miracle’: Celtic Tiger or Bengal Kitten?," Chapters, in: David Howden (ed.), Institutions in Crisis, chapter 3, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14370_3
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    References listed on IDEAS

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    1. Kelly, Morgan, 2010. "Whatever Happened to Ireland?," CEPR Discussion Papers 7811, C.E.P.R. Discussion Papers.
    2. Benjamin Powell, 2003. "Economic Freedom and Growth: The Case of the Celtic Tiger," Cato Journal, Cato Journal, Cato Institute, vol. 22(3), pages 431-448, Winter.
    3. David E. Bloom & David Canning, 2003. "Contraception and the Celtic Tiger," The Economic and Social Review, Economic and Social Studies, vol. 34(3), pages 229-247.
    4. Patrick Honohan & Anthony J. Leddin, 2006. "Ireland in EMU - More Shocks, Less Insulation?," The Economic and Social Review, Economic and Social Studies, vol. 37(2), pages 263-294.
    5. Frank Barry & Aoife Hannan & Eric Strobl, 1999. "The Real Convergence of the Irish Economy and the Sectoral Distribution of Employment Growth," Palgrave Macmillan Books, in: Frank Barry (ed.), Understanding Ireland’s Economic Growth, chapter 1, pages 13-24, Palgrave Macmillan.
    6. Cormac Ó Gráda, 2002. "Is the Celtic Tiger a Paper Tiger?," Working Papers 200202, School of Economics, University College Dublin.
    7. Frank Barry & John Bradley & Aoife Hannan, 2001. "The Single Market, the Structural Funds and Ireland's Recent Economic Growth," Journal of Common Market Studies, Wiley Blackwell, vol. 39(3), pages 537-552, September.
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