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Irish Economic Growth, 1945-88

Author

Listed:
  • O'Gráda, Cormac
  • O'Rourke, Kevin Hjortshøj

Abstract

The paper reviews the economic performance of the Republic of Ireland since 1945. Its focus is comparative: Ireland's record is assessed against the evidence in OECD and Penn Mark V datasets for a `convergence club' of European economies, and is found wanting. The comparison confirms that the 1950s were a particularly bleak decade for Ireland but, more surprisingly, Ireland also performed less well than predicted by convergence criteria in both 1960-73 and 1973-88. The paper then assesses a range of explanations for this poor performance.

Suggested Citation

  • O'Gráda, Cormac & O'Rourke, Kevin Hjortshøj, 1994. "Irish Economic Growth, 1945-88," CEPR Discussion Papers 975, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:975
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    Citations

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    Cited by:

    1. David Mayer-Foulkes, 2001. "Convergence Clubs in Cross-Country Life Expectancy Dynamics," WIDER Working Paper Series DP2001-134, World Institute for Development Economic Research (UNU-WIDER).
    2. Krzysztof Olszewski, 2012. "The impact of commercial real estate on the financial sector, its tracking by central banks and some recommendations for the macro-financial stability policy of central banks," NBP Working Papers 132, Narodowy Bank Polski.
    3. Crafts, Nicholas & Toniolo, Gianni, 2008. "European Economic Growth, 1950-2005: An Overview," CEPR Discussion Papers 6863, C.E.P.R. Discussion Papers.
    4. Sarah Box, 1998. "The Irish Economy: Lessons for New Zealand?," Treasury Working Paper Series 98/01, New Zealand Treasury.
    5. Lains, Pedro, 2003. "Catching up to the European core: Portuguese economic growth, 1910-1990," Explorations in Economic History, Elsevier, vol. 40(4), pages 369-386, October.

    More about this item

    Keywords

    Convergence; Economic Growth; Ireland;
    All these keywords.

    JEL classification:

    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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