IDEAS home Printed from https://ideas.repec.org/a/ris/actuec/v81y2005i1p111-142.html
   My bibliography  Save this article

Y a-t-il une nouvelle économie en Irlande?

Author

Listed:
  • Slevin, Geraldine

    (Central Bank of Ireland)

Abstract

This paper examines the performance of the Irish economy using a growth-accounting framework. The aim of this analysis is to determine whether a “new economy” has developed in Ireland. At the aggregate level, productivity growth increased substantially in recent years. The impressive productivity performance of the overall economy was primarily driven by the industrial sectors of the economy. A sub-sectoral analysis revealed that strong productivity growth in the aggregate manufacturing sector was largely accounted for by the high-tech sector, particularly the chemicals sector. However, a large part of the success of the high-tech sector can be attributed to US multinationals investing in Ireland. Transfer pricing by these companies and high returns to research and development results in high net output figures in this sector. This implies that any conclusions regarding a “new economy” in Ireland is rather limited, as productivity growth rates in the high-tech sector are distorted in the data. Dans la présente étude, nous examinons la performance de l’économie irlandaise au moyen d’un cadre comptable de la croissance. Cette analyse vise à déterminer si une « nouvelle économie » s’est implantée en Irlande. Au niveau agrégé, la croissance de la productivité a augmenté considérablement ces dernières années. La productivité impressionnante de l’économie dans son ensemble est attribuable principalement aux secteurs industriels de l’économie. Une analyse désagrégée révèle que la forte croissance de la productivité dans l’ensemble du secteur de la fabrication est attribuable dans une large mesure aux technologies de pointe et plus particulièrement aux produits chimiques. Toutefois, une part importante du succès du secteur des technologies de pointe peut être attribuée à l’investissement des multinationales américaines en Irlande. La production élevée dans ce secteur s’explique par l’établissement de prix de transfert par ces entreprises et du rendement élevé de la recherche et développement. Ainsi, toute conclusion concernant l’implantation d’une « nouvelle économie » en Irlande est assez limitée, puisque les taux de croissance de la productivité dans le secteur des technologies de pointe sont faussés dans les données.

Suggested Citation

  • Slevin, Geraldine, 2005. "Y a-t-il une nouvelle économie en Irlande?," L'Actualité Economique, Société Canadienne de Science Economique, vol. 81(1), pages 111-142, Mars-Juin.
  • Handle: RePEc:ris:actuec:v:81:y:2005:i:1:p:111-142
    as

    Download full text from publisher

    File URL: http://id.erudit.org/iderudit/012839ar
    Download Restriction: no

    References listed on IDEAS

    as
    1. Nicholas Oulton, 2002. "ICT and Productivity Growth in the United Kingdom," Oxford Review of Economic Policy, Oxford University Press, vol. 18(3), pages 363-379.
    2. Paul Schreyer, 2000. "The Contribution of Information and Communication Technology to Output Growth: A Study of the G7 Countries," OECD Science, Technology and Industry Working Papers 2000/2, OECD Publishing.
    3. Werner Roeger, 2001. "The contribution of information and communication technologies to growth in Europe and the US: A macroeconomic analysis," European Economy - Economic Papers 2008 - 2015 147, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    4. Francesco Daveri, "undated". "Is growth an information technology story in Europe too?," Working Papers 168, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    5. Dale W. Jorgenson & Kevin J. Stiroh, 2000. "Raising the Speed Limit: U.S. Economic Growth in the Information Age," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 31(1), pages 125-236.
    Full references (including those not matched with items on IDEAS)

    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:ris:actuec:v:81:y:2005:i:1:p:111-142. 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: (Bruce Shearer). General contact details of provider: http://edirc.repec.org/data/scseeea.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 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.

    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.