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A Survey of Explanations for the Celtic Tiger Boom

Author

Listed:
  • Eoin O'Malley

    (Institute for International Integration Studies, Trinity College Dublin)

Abstract

This paper surveys the literature that attempts to explain what caused the Celtic Tiger boom. The suggested explanations that are covered include fiscal stabilisation, tax cuts, delayed convergence, privatisation and deregulation, strong growth in export markets, supply of labour, education, the single European market, EU structural funds, social partnership, foreign direct investment, the small/regional nature of the economy, Irish indigenous industry and some other explanations. It is argued that some of these suggested explanations are not very convincing or important.

Suggested Citation

  • Eoin O'Malley, 2012. "A Survey of Explanations for the Celtic Tiger Boom," The Institute for International Integration Studies Discussion Paper Series iiisdp417, IIIS.
    • Handle: RePEc:iis:dispap:iiisdp417
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    References listed on IDEAS

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    More about this item

    Keywords

    economic growth; Celtic tiger; Ireland; regional economies; Europe; convergence;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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