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Estimates of the Steady State Growth Rates for Ireland

Author

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  • Casadio, Paolo
  • Paradiso, Antonio
  • Rao, B. Bhaskara

Abstract

This paper estimates the steady state growth rate for Ireland with an extended version of the Solow (1956) growth model. We show that the education and trade openness have played an important role to improve the long-run growth rate. Policies to further improve the long-run growth rate are suggested.

Suggested Citation

  • Casadio, Paolo & Paradiso, Antonio & Rao, B. Bhaskara, 2011. "Estimates of the Steady State Growth Rates for Ireland," MPRA Paper 30595, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:30595
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    References listed on IDEAS

    as
    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. B. Bhaskara Rao, 2010. "Time-series econometrics of growth-models: a guide for applied economists," Applied Economics, Taylor & Francis Journals, vol. 42(1), pages 73-86.
    3. Barro, Robert J. & Lee, Jong Wha, 2013. "A new data set of educational attainment in the world, 1950–2010," Journal of Development Economics, Elsevier, vol. 104(C), pages 184-198.
    4. Antonio Paradiso & B. Bhaskara Rao, 2011. "How to offset the negative trend growth rate in the Italian economy?," Applied Economics Letters, Taylor & Francis Journals, vol. 18(15), pages 1479-1483.
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    More about this item

    Keywords

    SSGR; Economic Growth; Trade Openness; Education; Ireland.;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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