Catching up with the leaders : the Irish hare

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dc.contributor.author Honohan, Patrick
dc.contributor.author Walsh, Brendan M.
dc.date.accessioned 2009-11-06T16:23:55Z
dc.date.available 2009-11-06T16:23:55Z
dc.date.copyright 2002, Brookings Institution en
dc.date.issued 2002
dc.identifier.citation Brookings Papers on Economic Activity en
dc.identifier.issn 0007-2303
dc.identifier.uri http://hdl.handle.net/10197/1596
dc.description.abstract For many decades Ireland's output per capita ranked about twenty-fourth among the world's industrial nations. Suddenly, in the mid-1990's Ireland started to move up, from twenty-second in 1993 to eighteenth in 1997 and an amazing ninth in 1999. The many facets of Irish success over these years, from a disproportionate representation in popular music to the largest current account surplus in the industrial world, caught the public imagination at home and abroad. This article examines the startling turnaround in Irish economic performance that began in the mid 1980's. Ireland is not alone in having experienced severe macroeconomic imbalances in the past quarter century, but their amplitude has been greater than in almost any other OECD country. The early 1980's saw the worst extremes. In 1981 inflation was 21 percent, the current account deficit was about 15 percent of GNP. and public sector borrowing was running at an even higher rate. The attempt to rein in the twin deficits caused taxation to jump by 10 percentage points of GNP in seven years, while overt unemployment soared to 16 percent of the labor force in 1986 and net emigration approached 1 percent of the population. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Brookings Institution en
dc.subject.lcsh Ireland--Economic conditions--20th century en
dc.subject.lcsh Economic development--Ireland en
dc.title Catching up with the leaders : the Irish hare en
dc.type Journal Article en
dc.internal.authorid UCD0036 en
dc.internal.availability Full text available en
dc.internal.webversions Online provider's version en
dc.internal.webversions http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=7445467&site=ehost-live en
dc.status Peer reviewed en
dc.identifier.issue 1 en
dc.identifier.startpage 1 en
dc.identifier.endpage 57 en
dc.neeo.contributor Honohan|Patrick|aut| en
dc.neeo.contributor Walsh|Brendan M.|aut|UCD0036 en


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