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Y a-t-il une nouvelle économie en Irlande?

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  • Slevin, Geraldine

    (Central Bank of Ireland)

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    Abstract

    This paper examines the performance of the Irish economy using a growth-accounting framework. The aim of this analysis is to determine whether a “new economy” has developed in Ireland. At the aggregate level, productivity growth increased substantially in recent years. The impressive productivity performance of the overall economy was primarily driven by the industrial sectors of the economy. A sub-sectoral analysis revealed that strong productivity growth in the aggregate manufacturing sector was largely accounted for by the high-tech sector, particularly the chemicals sector. However, a large part of the success of the high-tech sector can be attributed to US multinationals investing in Ireland. Transfer pricing by these companies and high returns to research and development results in high net output figures in this sector. This implies that any conclusions regarding a “new economy” in Ireland is rather limited, as productivity growth rates in the high-tech sector are distorted in the data. Dans la présente étude, nous examinons la performance de l’économie irlandaise au moyen d’un cadre comptable de la croissance. Cette analyse vise à déterminer si une « nouvelle économie » s’est implantée en Irlande. Au niveau agrégé, la croissance de la productivité a augmenté considérablement ces dernières années. La productivité impressionnante de l’économie dans son ensemble est attribuable principalement aux secteurs industriels de l’économie. Une analyse désagrégée révèle que la forte croissance de la productivité dans l’ensemble du secteur de la fabrication est attribuable dans une large mesure aux technologies de pointe et plus particulièrement aux produits chimiques. Toutefois, une part importante du succès du secteur des technologies de pointe peut être attribuée à l’investissement des multinationales américaines en Irlande. La production élevée dans ce secteur s’explique par l’établissement de prix de transfert par ces entreprises et du rendement élevé de la recherche et développement. Ainsi, toute conclusion concernant l’implantation d’une « nouvelle économie » en Irlande est assez limitée, puisque les taux de croissance de la productivité dans le secteur des technologies de pointe sont faussés dans les données.

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    Bibliographic Info

    Article provided by Société Canadienne de Science Economique in its journal L'Actualité économique.

    Volume (Year): 81 (2005)
    Issue (Month): 1 (Mars-Juin)
    Pages: 111-142

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    Handle: RePEc:ris:actuec:v:81:y:2005:i:1:p:111-142

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    1. Paul Schreyer, 2000. "The Contribution of Information and Communication Technology to Output Growth: A Study of the G7 Countries," OECD Science, Technology and Industry Working Papers 2000/2, OECD Publishing.
    2. Francesco Daveri, . "Is growth an information technology story in Europe too?," Working Papers 168, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    3. Nicholas Oulton, 2001. "ICT and productivity growth in the United Kingdom," Bank of England working papers 140, Bank of England.
    4. Werner Roeger, 2001. "The contribution of information and communication technologies to growth in Europe and the US: A macroeconomic analysis," European Economy - Economic Papers 147, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
    5. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: US Economic Growth in the Information Age," OECD Economics Department Working Papers 261, OECD Publishing.
    6. Slevin, Geraldine, 2001. "Potential Output and the Output Gap in Ireland," Research Technical Papers 5/RT/01, Central Bank of Ireland.
    7. repec:fth:eeccco:147 is not listed on IDEAS
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