The Contribution of Human Capital Formation to Post-War Economic Growth in Ireland
Following an account of the perceptions among Irish policy-makers since the second world war of the contribution of education to economic development, this paper examines the performance of the Irish economy in the framework of a model of exogenous growth incorporating human capital formation. It is shown that when account is taken of the low level of income at the start of the period and the relatively high rate of human and physical capital accumulation, the Irish growth rate has been relatively low. Possible explanations for this poor performance are explored. Neither the structure of education nor low rates of return to additional years of schooling appear to explain it, but there is evidence that the quality of physical investment has been poor. In addition, high and selective emigration in certain periods may have deprived the country of some of the returns to the increased investment in education undertaken in recent decades.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
|Date of creation:||Jul 1993|
|Contact details of provider:|| Postal: Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ.|
Phone: 44 - 20 - 7183 8801
Fax: 44 - 20 - 7183 8820
|Order Information:|| Email: |
When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:819. 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: ()
If references are entirely missing, you can add them using this form.