A Theoretical Growth Model for Ireland

A Theoretical Growth Model for Ireland

Ireland is distinguished by the high degree of openness of its labour market and the importance of foreign direct investment (FDI) in the economy. We develop a neo-classical growth model to explore the consequence of these characteristics for the response of an economy to the kinds of shocks that ar...

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Veröffentlicht in:The Economic and social review 2006-07, Vol.37 (2), p.245-262
Hauptverfasser: Barry, Frank, Devereux, Michael B
Format: Artikel
Sprache:eng
Schlagworte:
Capital
Economic growth
Economic performance
Economic theory
Foreign direct investment
Foreign Investment
Growth models
Ireland
Labor market
Labour Market
Neoclassical economics
Studies
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Zusammenfassung:Ireland is distinguished by the high degree of openness of its labour market and the importance of foreign direct investment (FDI) in the economy. We develop a neo-classical growth model to explore the consequence of these characteristics for the response of an economy to the kinds of shocks that are widely recognised to have been of importance in driving the Irish boom. [PUBLICATION ABSTRACT]
ISSN:0012-9984