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

Listed author(s):
  • Slevin, Geraldine

    (Central Bank of Ireland)

Registered author(s):

    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.

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    Article provided by Société Canadienne de Science Economique in its journal L'Actualité économique.

    Volume (Year): 81 (2005)
    Issue (Month): 1 (Mars-Juin)
    Pages: 111-142

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    Handle: RePEc:ris:actuec:v:81:y:2005:i:1:p:111-142
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    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. 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.
    3. 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.
    4. Francesco Daveri, "undated". "Is Growth an Information Technology Story in Europe Too?," EPRU Working Paper Series 00-12, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    5. 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.
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