Catching up with the leaders : the Irish hare

DSpace/Manakin Repository

Show simple item record Honohan, Patrick Walsh, Brendan M. 2009-11-06T16:23:55Z 2009-11-06T16:23:55Z 2002, Brookings Institution en 2002
dc.identifier.citation Brookings Papers on Economic Activity en
dc.identifier.issn 0007-2303
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 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

This item appears in the following Collection(s)

Show simple item record

This item is available under the Attribution-NonCommercial-NoDerivs 3.0 Ireland. No item may be reproduced for commercial purposes. For other possible restrictions on use please refer to the publisher's URL where this is made available, or to notes contained in the item itself. Other terms may apply.

If you are a publisher or author and have copyright concerns for any item, please email and the item will be withdrawn immediately. The author or person responsible for depositing the article will be contacted within one business day.

Search Research Repository

Advanced Search