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

Author

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  • 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
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    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
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    References listed on IDEAS

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    1. 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.
    2. John FitzGerald, 2012. "The Irish Economy Today: Albatross or Phoenix?," The World Economy, Wiley Blackwell, vol. 35(10), pages 1239-1255, October.
    3. Barry, Frank, 2004. "Export-platform foreign direct investment: the Irish experience," EIB Papers 6/2004, European Investment Bank, Economics Department.
    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.
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    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. Barry Frank, 2019. "Ireland and the changing global foreign direct investment landscape," Administration, Sciendo, vol. 67(3), pages 93-110, August.
    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. 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.

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