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The Irish Economy: Lessons for New Zealand?

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Abstract

This paper compares and contrasts the economies of Ireland and New Zealand. It attempts to identify important factors behind Ireland's recent strong growth, and seeks to derive 'lessons' for New Zealand. It is suggested that Ireland has benefited from its location, openness, macroeconomic stability, favourable demographics, educated population, wage moderation, foreign investment, European Union transfers, and luck! From a New Zealand viewpoint, the Irish experience reiterates the significance of quality investment, education and human capital, and macroeconomic stability and openness. But given the differences between the two countries, caution should be exercised in applying specific Irish policies in New Zealand.

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  • Sarah Box, 1998. "The Irish Economy: Lessons for New Zealand?," Treasury Working Paper Series 98/01, New Zealand Treasury.
    • Handle: RePEc:nzt:nztwps:98/01
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    File URL: https://treasury.govt.nz/sites/default/files/2007-10/twp98-01.pdf
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    1. Barry, Frank & Bradley, John, 1997. "FDI and Trade: The Irish Host-Country Experience," Economic Journal, Royal Economic Society, vol. 107(445), pages 1798-1811, November.
    2. O'Gráda, Cormac & O'Rourke, Kevin Hjortshøj, 1994. "Irish Economic Growth, 1945-88," CEPR Discussion Papers 975, C.E.P.R. Discussion Papers.
    3. 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.
    4. B. Bosworth & S. M. Collins & Y. Chen, "undated". "Accounting for Difference in Economic Growth," Discussion Papers 115, Brookings Institution International Economics.
    5. Alberto Alesina & Roberto Perotti, 1997. "Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects," IMF Staff Papers, Palgrave Macmillan, vol. 44(2), pages 210-248, June.
    6. Rudiger Dornbusch, 1988. "Credibility, Debt and Unemployment: Ireland's Failed Stabilization," NBER Working Papers 2785, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Ben Dolman & Dean Parham & Simon Zheng, 2007. "Can Australia Match US Productivity Performance?," Staff Working Papers 0703, Productivity Commission, Government of Australia.
    2. Andrew Glyn, 2002. "Labour Market Success and Labour Market Reform: Lessons from Ireland and New Zealand," SCEPA working paper series. 2002-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.

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