The Irish Economy: Lessons for New Zealand?
AbstractThis 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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Bibliographic InfoPaper provided by New Zealand Treasury in its series Treasury Working Paper Series with number 98/01.
Length: 93 pages
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- O'Gráda, Cormac & O'Rourke, Kevin H, 1994. "Irish Economic Growth, 1945-88," CEPR Discussion Papers 975, C.E.P.R. Discussion Papers.
- Bosworth, B. & Collins, S.M. & Chen, Y.C., 1995.
"Accounting for Differences in Economic Growth,"
115, Brookings Institution - Working Papers.
- Barry, Frank & Bradley, John, 1997.
"FDI and Trade: The Irish Host-Country Experience,"
Royal Economic Society, vol. 107(445), pages 1798-1811, November.
- Barry, F & Bradley, J, 1997. ""FDI and Trade : The Irish Host-Country Experience"," Papers 97/13, College Dublin, Department of Political Economy-.
- repec:ner:ucddub:urn:hdl:10197/1557 is not listed on IDEAS
- repec:imf:imfpdp:9427 is not listed on IDEAS
- 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.
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