IDEAS home Printed from https://ideas.repec.org/a/cbi/qtbart/y2015m04p58-72.html
   My bibliography  Save this article

The Changing Nature of Irish Exports: Context, Causes and Consequences

Author

Listed:
  • Byrne, Stephen

    (Central Bank of Ireland)

  • O'Brien, Martin

    (Central Bank of Ireland)

Abstract

Since the beginning of the century there have been some notable structural shifts in the composition of Irish exports: services exports have become more prevalent;the export basket has become more concentrated; and the importance of trade in intermediate goods and services has risen. At the same time there is the continuing and relatively large role of foreign-owned and export-oriented multi-national enterprises in Ireland, and some evidence of changes in the dynamics of international trade globally in recent years. These shifts pose challenges for our understanding of how Irish export growth responds to changes in demand in our main trading partners, as well as the ultimate benefit of that export growth in terms of national income. Drawing on a number of relevant data sources, this Article explores these issues in more detail, highlighting the increasing complexity of analysing the prospects and benefits of external trade in the Irish case.

Suggested Citation

  • Byrne, Stephen & O'Brien, Martin, 2015. "The Changing Nature of Irish Exports: Context, Causes and Consequences," Quarterly Bulletin Articles, Central Bank of Ireland, pages 58-72, April.
    • Handle: RePEc:cbi:qtbart:y:2015:m:04:p:58-72
    as

    Download full text from publisher

    File URL: https://centralbank.ie/docs/default-source/publications/quarterly-bulletins/qb-archive/2015/qb2-15/quarterly-bulletin-no-2-2015.pdf?sfvrsn=8#page=60
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. John FitzGerald, 2012. "The Irish Economy Today: Albatross or Phoenix?," The World Economy, Wiley Blackwell, vol. 35(10), pages 1239-1255, October.
    2. Barry, Frank, 2004. "Export-platform foreign direct investment: the Irish experience," EIB Papers 6/2004, European Investment Bank, Economics Department.
    3. De Backer, Koen & Miroudot, Sébastien, 2014. "Mapping global value chains," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37176.
    4. Barry, Frank & Van Egeraat, Chris, 2008. "The Decline of the Computer Hardware Sector: How Ireland Adjusted," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI), vol. 2008(1-Spring), pages 38-57.
    5. Cassidy, Mark & O'Brien, Derry, 2005. "Export Performance and Competitiveness of the Irish Economy," Quarterly Bulletin Articles, Central Bank of Ireland, pages 75-95, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. FitzGerald, John, 2015. "Problems Interpreting the National Accounts in a Globalised Economy — Ireland," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI).
    2. Papa, Javier & et., al., 2016. "Forecasting Trade Deflators In Ireland," MPRA Paper 116754, University Library of Munich, Germany, revised Dec 2016.
    3. Frank Barry & Adele Bergin, 2019. "Export Structure, FDI and the Rapidity of Ireland’s Recovery from Crisis," The Economic and Social Review, Economic and Social Studies, vol. 50(4), pages 707-724.
    4. Barry Frank, 2019. "Ireland and the changing global foreign direct investment landscape," Administration, Sciendo, vol. 67(3), pages 93-110, August.
    5. Angelika Knollmayer & Aleksandra Riedl & Maria Antoinette Silgoner, 2015. "The mixed success of EU-IMF adjustment programs in Europe – why Greece was different," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 4, pages 52-70.
    6. Byrne, Stephen & Rice, Jonathan, 2018. "Non-Tariff Barriers and Goods Trade: a Brexit Impact Analysis," Research Technical Papers 6/RT/18, Central Bank of Ireland.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chris van Egeraat and Frank Barry, 2008. "The Irish Pharmaceutical Industry over the Boom Period and Beyond," The Institute for International Integration Studies Discussion Paper Series iiisdp271, IIIS.
    2. Valentine Fays & Benoit Mahy & François Rycx, 2021. "Wage Differences According to Workers’ Origin: The Role of Working More Upstream in GVCs," Working Papers CEB 21-016, ULB -- Universite Libre de Bruxelles.
    3. Freddy Cepeda-Lopez & Fredy Gamboa-Estrada & Carlos León & Hernán Rincón-Castro, 2019. "Colombian liberalization and integration to world trade markets: Much ado about nothing," Borradores de Economia 1065, Banco de la Republica de Colombia.
    4. Lord, Montague, 2015. "Regional Economic Integration in Central Asia and South Asia," MPRA Paper 66436, University Library of Munich, Germany.
    5. Pérez-Sánchez, Laura & Velasco-Fernández, Raúl & Giampietro, Mario, 2021. "The international division of labor and embodied working time in trade for the US, the EU and China," Ecological Economics, Elsevier, vol. 180(C).
    6. Robert Stehrer & Roman Stöllinger, 2013. "Positioning Austria in the Global Economy: Value Added Trade, International Production Sharing and Global Linkages," FIW Research Reports series V-002, FIW.
    7. Emanuela Todeva & Ruslan Rakhmatullin, 2016. "Industry Global Value Chains, Connectivity and Regional Smart Specialisation in Europe. An Overview of Theoretical Approaches and Mapping Methodologies," JRC Research Reports JRC102801, Joint Research Centre (Seville site).
    8. Sourafel Girma & Holger Görg, 2022. "Productivity effects of processing and ordinary export market entry: A time‐varying treatments approach," Review of International Economics, Wiley Blackwell, vol. 30(3), pages 836-853, August.
    9. Christian Volpe Martincus, 2016. "Out of the Border Labyrinth: An Assessment of Trade Facilitation Initiatives in Latin America and the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 96856, February.
    10. Dutta, Sourish, 2017. "Research Methods of Assessing Global Value Chains," MPRA Paper 106201, University Library of Munich, Germany.
    11. Gáspár, Tamás & Antalóczy, Katalin & Sass, Magdolna, 2021. "A gyógyszeripari értéklánc sajátosságai Magyarországon [The characteristics of the pharmaceutical value chain in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 645-673.
    12. Samuel Brazys & Aidan Regan, 2016. "These Little PIIGS Went to Market: Enterprise Policy and Divergent Recovery in European Periphery," Working Papers 201517, Geary Institute, University College Dublin.
    13. Henrik Braconier & Giuseppe Nicoletti & Ben Westmore, 2015. "Policy challenges for the next 50 years," OECD Journal: Economic Studies, OECD Publishing, vol. 2015(1), pages 9-66.
    14. Hildegunn Kyvik Nordås, 2020. "Make or Buy: Offshoring of Services Functions in Manufacturing," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(2), pages 351-378, September.
    15. Ines Kersan-Škabić & Alen Belullo, 2021. "The Characteristics of Regional Value Chains in the Sector of Chemicals and Pharmaceutical Products in the EU," Economies, MDPI, vol. 9(4), pages 1, November.
    16. Pierluigi Montalbano & Silvia Nenci & Carlo Pietrobelli, 2018. "Opening and linking up: firms, GVCs, and productivity in Latin America," Small Business Economics, Springer, vol. 50(4), pages 917-935, April.
    17. J. Peter Neary, 2006. "Measuring Competitiveness," The Economic and Social Review, Economic and Social Studies, vol. 37(2), pages 197-213.
    18. João Amador & Sónia Cabral, 2017. "Networks of Value-added Trade," The World Economy, Wiley Blackwell, vol. 40(7), pages 1291-1313, July.
    19. repec:got:cegedp:58 is not listed on IDEAS
    20. Giovannetti, Giorgia & Marvasi, Enrico, 2016. "Food exporters in global value chains: Evidence from Italy," Food Policy, Elsevier, vol. 59(C), pages 110-125.
    21. Luisa Rivera-Basques, 2022. "Upgrading process in global value chains: Evidence from Latin American countries," Technium Social Sciences Journal, Technium Science, vol. 32(1), pages 359-375, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbi:qtbart:y:2015:m:04:p:58-72. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://edirc.repec.org/data/cbigvie.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Fiona Farrelly (email available below). General contact details of provider: https://edirc.repec.org/data/cbigvie.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.