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Economic stabilisation, recovery and growth : Ireland 1979-96

Author

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  • Brendan M. Walsh
  • Anthony J. Leddin

Abstract

This article reviews the transformation of the Irish economy since the early 1980s. Credit for the initial stabilisation of the economy is given to the shock therapy of cutting expenditure, favourable exchange rate and other external developments. Possible explanations of the higer rate of growth of output now being achieved include a high level of investment in human capital, improved quality of physical capital formation, and a falling burden of taxation. The contribution of the return to centralised wage bargaining and the role of European Union (EU) assistance are also discussed. The prospects for further economic growth over the medium term are considered to be good.

Suggested Citation

  • Brendan M. Walsh & Anthony J. Leddin, 1997. "Economic stabilisation, recovery and growth : Ireland 1979-96," Open Access publications 10197/1557, School of Economics, University College Dublin.
    • Handle: RePEc:ucn:oapubs:10197/1557
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    File URL: http://hdl.handle.net/10197/1557
    File Function: Open Access version, 1997
    Download Restriction: no
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    Citations

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    Cited by:

    1. Miguel Lebre de Freitas, 2000. "Quantity versus quality: the growth accounting in Ireland," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    2. Sarah Box, 1998. "The Irish Economy: Lessons for New Zealand?," Treasury Working Paper Series 98/01, New Zealand Treasury.
    3. Eoin O'Malley, 2012. "A Survey of Explanations for the Celtic Tiger Boom," The Institute for International Integration Studies Discussion Paper Series iiisdp417, IIIS.

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