Is the celtic tiger a paper tiger?
The success of the Irish economy over the last decade has rightly attracted enormous attention from both domestic and international commentators. The remarkable phase of high economic growth rates throughout the 1990s and into the new century has led to the Irish economy being dubbed the “Celtic Tiger”, a term that has quickly been subsumed into national lexicon. Leaving aside the appropriateness of the term, the factors that have led to the significant turnabout in the economic fortunes of Ireland in a relatively short time-span deserve close scrutiny so as to inform future policy direction. The, sometimes, mocking adage attributed to economists of “that is alright in practice but how does it work in theory” may seem applicable in looking back at the recent past. There is, however, an important lesson contained within it, which is that in order to understand the course that the Irish economy is likely to follow in the future, it is necessary to identify the factors and their interactions that have led the economy to its current development stage. The aim of this discussion forum is to consider what lessons can be drawn from the Irish experience throughout the “Celtic Tiger” phase and before. The two articles that follow consider what lessons can be learnt from two perspectives. Cormac Ó Gráda poses the question of whether the Irish economy was “paper tiger” and that the rapid economic growth in the 1990s was a delayed convergence of the Irish economy after decades lagging most of Western Europe. While the delayed convergence factors are considered important the substantial changes in the Irish economy demonstrate that it is not merely a paper tiger. In contrast, Liam Gallagher, Eleanor Doyle and Eoin O’Leary consider a business model perspective, based on the work of Michael Porter, to understand the growth in the Irish economy. They examine the industrial evolution of the Irish economy to provide a framework to see the foundations of the economic success at firm,
(This abstract was borrowed from another version of this item.)
|Date of creation:||Jan 2002|
|Date of revision:|
|Contact details of provider:|| Postal: UCD, Belfield, Dublin 4|
Fax: +353-1-283 0068
Web page: http://www.ucd.ie/economics
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Barry, Frank & Görg, Holger & Strobl, Eric, 2001.
"Foreign Direct Investment, Agglomerations and Demonstration Effects: An Empirical Investigation,"
CEPR Discussion Papers
2907, C.E.P.R. Discussion Papers.
- Frank Barry & Holger Görg & Eric Strobl, 2004. "Foreign direct investment, agglomerations, and demonstration effects: An empirical investigation," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 140(3), pages 583-600, September.
- Frank Barry & Holger Görg & Eric Strobl, 2003. "Foreign direct investment, agglomerations, and demonstration effects: An empirical investigation," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 139(4), pages 583-600, December.
- Frank Barry & Holger Görg & Eric Strobl, 2001. "Foreign direct investment, agglomerations and demonstration effects : an empirical investigation," Working Papers 200104, School of Economics, University College Dublin.
- Robert J. Barro & Jong-Wha Lee, 2000.
"International Data on Educational Attainment: Updates and Implications,"
CID Working Papers
42, Center for International Development at Harvard University.
- Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-63, July.
- Robert J. Barro & Jong-Wha Lee, 2000. "International Data on Educational Attainment Updates and Implications," NBER Working Papers 7911, National Bureau of Economic Research, Inc.
- Bradley, John & Whelan, Karl, 1997. "The Irish expansionary fiscal contraction: A tale from one small European economy," Economic Modelling, Elsevier, vol. 14(2), pages 175-201, April.
- Joe Durkan, 1992.
"Social consensus and incomes policy,"
Open Access publications
10197/1066, School of Economics, University College Dublin.
- Steedman, Hilary & McIntosh, Steven, 2001. "Measuring Low Skills in Europe: How Useful Is the ISCED Framework?," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 564-81, July.
- Brendan M. Walsh, 2000. "The role of tax policy in Ireland's economic renaissance," Open Access publications 10197/1582, School of Economics, University College Dublin.
When requesting a correction, please mention this item's handle: RePEc:ucn:wpaper:200202. 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: (Nicolas Clifton)
If references are entirely missing, you can add them using this form.