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Privatisation in Ireland

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  • Sean D. Barrett

Abstract

Public enterprises in Ireland were offshoots of political nationalism. They were part of a protectionist economic policy and in 1980 employed over 90.000 staff in a total national employment figure of 1.1m. Public opinion moved away from public enterprises because of perceived high costs to both consumers and taxpayers. In the Celtic Tiger era since 1987 the share of public enterprises in total employment has fallen by almost two-thirds to 2.7 percent. Ireland has experienced major increases in GNP per head and in employment by adopting open economy policies and securing large increases in exports and in foreign direct investment. No privatised enterprise has been re-nationalised. It is public policy to retain network infrastructure such as the electricity and gas grids in public ownership while selling state companies in areas such as food, banking, telecoms, and shipping.

Suggested Citation

  • Sean D. Barrett, 2004. "Privatisation in Ireland," CESifo Working Paper Series 1170, CESifo.
    • Handle: RePEc:ces:ceswps:_1170
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    References listed on IDEAS

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    1. Jeffry M. Netter & William L. Megginson, 2001. "From State to Market: A Survey of Empirical Studies on Privatization," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 321-389, June.
    2. John Vickers & George Yarrow, 1988. "Privatization: An Economic Analysis," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262720116, April.
    3. Barrett, Sean D, 2000. "Airport competition in the deregulated European aviation market," Journal of Air Transport Management, Elsevier, vol. 6(1), pages 13-27.
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    Cited by:

    1. Gorecki, Paul K. & Lyons, Sean & Tol, Richard S.J., 2011. "Public policy towards the sale of state assets in troubled times: Lessons from the Irish experience," Utilities Policy, Elsevier, vol. 19(3), pages 193-201.

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