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Á Comparative Analysis between the Economies of Greece and Ireland

Author

Listed:
  • George N. Magoulios

    (TEI of Serres, Serres, Greece)

  • George Exarchos

    (TEI of Serres, Serres, Greece)

Abstract

This paper aims to compare the economies of two of the EU countries of cohesion – Greece and Ireland – which are countries displaying similar initial macroeconomic and structural characteristics. Greece and Ireland have been included in the EU countries of cohesion because of their low level of development. However, Ireland showed higher growth rates in comparison to Greece. The article examines the factors that contributed to the difference in growth rates between the two countries under study. Amongst the most important factors to the advantage of Ireland are: the higher emphasis that Ireland laid on research and technology, the reforms that Ireland performed in education and training, its developmental strategy to attract foreign investments, its neighborhood with the United Kingdom, as well as the financial transfers of the European Union to Ireland.

Suggested Citation

  • George N. Magoulios & George Exarchos, 2011. "Á Comparative Analysis between the Economies of Greece and Ireland," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 61(3-4), pages 103-126, July - De.
    • Handle: RePEc:spd:journl:v:61:y:2011:i:3-4:p:103-126
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    References listed on IDEAS

    as
    1. Frank Barry, 2003. "Economic Integration and Convergence Processes in the EU Cohesion Countries," Journal of Common Market Studies, Wiley Blackwell, vol. 41(5), pages 897-921, December.
    2. Paolo Figini & Holger Görg, 1999. "Multinational companies and wage inequality in the host country: The case of Ireland," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 135(4), pages 594-612, December.
    3. Salvador Barrios & Sophia Dimelis & Helen Louri & Eric Strobl, 2004. "Efficiency spillovers from foreign direct investment in the EU periphery: A comparative study of Greece, Ireland, and Spain," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 140(4), pages 688-705, December.
    4. John Hatzikian, 2007. "Research and Technological Development Policy and Innovative Performance: The Greek Case Within the EU," Contributions to Economics, in: George M. Korres (ed.), Regionalisation, Growth, and Economic Integration, pages 229-250, Springer.
    Full references (including those not matched with items on IDEAS)

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    JEL classification:

    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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