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Sectorally Concentrated? The Irish Economy in European Context

Author

Listed:
  • Eoin T. Flaherty

    (Geary Institute for Public Policy, University College Dublin and Department of Finance, Ireland)

  • Sean O'Boyle

    (National Treasure Management Agency, Ireland)

  • Giselle Myles

    (Central Statistics Office, Ireland)

Abstract

This paper adds to our understanding of the sectoral interlinkages in the Irish economy and how it relates to the wider EU economy. While the Irish economy is highly concentrated on a GVA basis, it is much less concentrated on the basis of employment and input-output interdependencies. Except for GVA, this level of concentration has not changed much over time. The MNE and domestic sectors each account for close to half of economic output. Their activity is very different but there is still a sizeable interlinkage between them. We also examine the interlinkages of the EU economy. Increasing European strategic autonomy would require greater manufacturing output. Our model suggest that central and eastern member states would benefit most from doing so, relative to their size. Ireland would benefit seventh least. Splitting the Irish economy in two, we find the MNE sector would benefit more than the EU average while the domestic sector is amongst those to benefit least.

Suggested Citation

  • Eoin T. Flaherty & Sean O'Boyle & Giselle Myles, 2025. "Sectorally Concentrated? The Irish Economy in European Context," Working Papers 202503, Geary Institute, University College Dublin.
    • Handle: RePEc:ucd:wpaper:202503
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    File URL: http://www.ucd.ie/geary/static/publications/workingpapers/gearywp202503.pdf
    File Function: First version, 2025
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    More about this item

    Keywords

    network analysis; IO tables; macroeconomic measurement; multinational firms; macroeconomic aspects of international trade; globalisation;
    All these keywords.

    JEL classification:

    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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