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A Survey of Explanations for the Celtic Tiger Boom

Author

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  • Eoin O'Malley

    () (Institute for International Integration Studies, Trinity College Dublin)

Abstract

This paper surveys the literature that attempts to explain what caused the Celtic Tiger boom. The suggested explanations that are covered include fiscal stabilisation, tax cuts, delayed convergence, privatisation and deregulation, strong growth in export markets, supply of labour, education, the single European market, EU structural funds, social partnership, foreign direct investment, the small/regional nature of the economy, Irish indigenous industry and some other explanations. It is argued that some of these suggested explanations are not very convincing or important.

Suggested Citation

  • Eoin O'Malley, 2012. "A Survey of Explanations for the Celtic Tiger Boom," The Institute for International Integration Studies Discussion Paper Series iiisdp417, IIIS.
  • Handle: RePEc:iis:dispap:iiisdp417
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    File URL: http://www.tcd.ie/iiis/documents/discussion/pdfs/iiisdp417.pdf
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    References listed on IDEAS

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    1. Conefrey, Thomas & Fitz Gerald, John D., 2011. "The macro-economic impact of changing the rate of corporation tax," Economic Modelling, Elsevier, vol. 28(3), pages 991-999, May.
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    4. Peter J. Buckley & Frances Ruane, 2006. "Foreign Direct Investment in Ireland: Policy Implications for Emerging Economies," The World Economy, Wiley Blackwell, vol. 29(11), pages 1611-1628, November.
    5. Bergin, Adele & Conefrey, Thomas & FitzGerald, John & Kearney, Ide, 2009. "The Behaviour of the Irish Economy: Insights from the HERMES Macro-Economic Model," Papers WP287, Economic and Social Research Institute (ESRI).
    6. Brendan M. Walsh & Anthony J. Leddin, 1997. "Economic stabilisation, recovery and growth : Ireland 1979-96," Open Access publications 10197/1557, School of Economics, University College Dublin.
    7. Patrick Honohan & Brendan Walsh, 2002. "Catching Up with the Leaders: The Irish Hare," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(1), pages 1-78.
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    10. Barrett, Alan & Kearney, Ide & McCarthy, Yvonne, 2006. "Quarterly Economic Commentary, Winter 2006," Forecasting Report, Economic and Social Research Institute (ESRI), number QEC20064, April.
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    12. McGuinness, Seamus & Kelly, Elish & O'Connell, Philip J., 2008. "The Impact of Wage Bargaining Regime on Firm-Level Competitiveness and Wage Inequality: The Case of Ireland," Papers WP266, Economic and Social Research Institute (ESRI).
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    18. Barry, Frank, 2009. "Social Partnership, Competitiveness and Exit from Fiscal Crisis," The Economic and Social Review, Economic and Social Studies, vol. 40(1), pages 1-14.
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    More about this item

    Keywords

    economic growth; Celtic tiger; Ireland; regional economies; Europe; convergence;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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