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The Irish Economy: Lessons for New Zealand?

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    Abstract

    This paper compares and contrasts the economies of Ireland and New Zealand. It attempts to identify important factors behind Ireland's recent strong growth, and seeks to derive 'lessons' for New Zealand. It is suggested that Ireland has benefited from its location, openness, macroeconomic stability, favourable demographics, educated population, wage moderation, foreign investment, European Union transfers, and luck! From a New Zealand viewpoint, the Irish experience reiterates the significance of quality investment, education and human capital, and macroeconomic stability and openness. But given the differences between the two countries, caution should be exercised in applying specific Irish policies in New Zealand.

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    File URL: http://www.treasury.govt.nz/publications/research-policy/wp/1998/98-01/twp98-01.pdf
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    Bibliographic Info

    Paper provided by New Zealand Treasury in its series Treasury Working Paper Series with number 98/01.

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    Length: 93 pages
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    Handle: RePEc:nzt:nztwps:98/01

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    Postal: New Zealand Treasury, PO Box 3724, Wellington, New Zealand
    Phone: +64-4-472 2733
    Fax: +64-4-473 0982
    Web page: http://www.treasury.govt.nz
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    1. B. Bosworth & S. M. Collins & Y. Chen, . "Accounting for Difference in Economic Growth," Discussion Papers 115, Brookings Institution International Economics.
    2. Alberto Alesina & Roberto Perotti, 1997. "Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects," IMF Staff Papers, Palgrave Macmillan, vol. 44(2), pages 210-248, June.
    3. repec:imf:imfpdp:9427 is not listed on IDEAS
    4. Barry, F & Bradley, J, 1997. ""FDI and Trade : The Irish Host-Country Experience"," Papers 97/13, College Dublin, Department of Political Economy-.
    5. O'GrĂ¡da, Cormac & O'Rourke, Kevin H, 1994. "Irish Economic Growth, 1945-88," CEPR Discussion Papers 975, C.E.P.R. Discussion Papers.
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