IDEAS home Printed from https://ideas.repec.org/a/prs/rfreco/rfeco_0769-0479_2004_num_19_2_1546.html
   My bibliography  Save this article

La nouvelle économie irlandaise

Author

Listed:
  • Nathalie Greenan
  • Yannick L'Horty

Abstract

[fre] Nathalie Greenan Yannick L'Horty La nouvelle économie irlandaise. II y a 1 5 ans, l'économie irlandaise avait l'un des niveaux de vie les plus faibles en Europe tandis que le taux de chômage, l'inflation et la dette publique étaient très élevés. Depuis, elle connaît le rythme de croissance le plus soutenu de l'ensemble des pays de l'OCDE. Son PIB a doublé ces dix dernières années et triplé ces vingt dernières années. Certes, ces performances sont le contre coup du retard accumulé depuis les années 1950, mais l'effet de rattrapage lié à une convergence tardive n'explique pas tout. Sur la base d'un survol des études économiques existantes et d'apports statistiques originaux, on s'interroge sur les causes de cette croissance qui relève d'un contexte international fevorable mais aussi de facteurs spécifiquement nationaux, faisant de la croissance de l'Irlande à la fois une réussite américaine, européenne et irlandaise. Cette performance exceptionnelle d'une petite économie très ouverte ne relève pas d'une cause unique, mais d'une combinaison de facteurs... exceptionnelle. Pour sortir de l'impasse, l'Irlande a su mobiliser en même temps des ressources extérieures et intérieures au service de son développement. D'un côté, les transformations graduelles des conditions de l'offre permettent d'expliquer la pérennité de la croissance mais pas sa chronologie. D'un autre côté, des chocs de demande favorables expliquent le calendrier de la reprise mais pas son amplitude. Après de nombreuses tentatives infructueuses, un consensus sur un diagnostic économique et sur un ensemble de moyens permettant d'y foire face s'est imposé durablement en Irlande créant une stabilité favorable à la croissance. [eng] The New Irish Economy Fifteen years ago, the Irish economy had one of the lowest standards of living in Europe, while her unemployment rate, inflation and public debt reached high levels. Since, her growth rhythm is the most sustained within OECD countries. Her GDP has doubled over the last ten years and tripled over the last twenty years. Most certainly, these performances are the out- come of the lag accumulated since the fifties, but the catching up effect connected with a late convergence does not explain everything. We enquire the causes of this growth through a survey of existing economic studies and original statistical analyses. A favourable international context, but also specifically national factors have played their part, resulting in a success which has at the same time an American, European and Irish origin. These outstanding performances obtained by a small and widely opened economy do not take up from a single cause but from a combination of factors which is. . .unique. To come out from the deadlock, Ireland has found how to activate external and internal resources for the sake of its development. On one side, gradual transformations on the supply side explain the durability of sustained growth, but not its chronology. On the other side, favourable demand shocks explain the calendar of the recovery but not its size. After numerous unsuccessful attempts, a consensus on an economic diagnosis and on a set of means to come to grips with it made its way durably in Ireland, generating a growth supporting stability.

Suggested Citation

  • Nathalie Greenan & Yannick L'Horty, 2004. "La nouvelle économie irlandaise," Revue Française d'Économie, Programme National Persée, vol. 19(2), pages 3-60.
  • Handle: RePEc:prs:rfreco:rfeco_0769-0479_2004_num_19_2_1546
    Note: DOI:10.3406/rfeco.2004.1546
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/rfeco.2004.1546
    Download Restriction: no

    File URL: https://www.persee.fr/doc/rfeco_0769-0479_2004_num_19_2_1546
    Download Restriction: no

    Other versions of this item:

    Citations

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


    Cited by:

    1. Renaud Bourlès & Gilbert Cette, 2006. "A comparison of structural productivity levels in the major industrialised countries," OECD Economic Studies, OECD Publishing, vol. 2005(2), pages 75-108.

    More about this item

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • I00 - Health, Education, and Welfare - - General - - - General
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • L19 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Other
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

    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:prs:rfreco:rfeco_0769-0479_2004_num_19_2_1546. 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: (Equipe PERSEE). General contact details of provider: https://www.persee.fr/collection/rfeco .

    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.

    We have no references for this item. You can help adding them by using 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.

    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.