Ireland: Selected Issues

International Monetary Fund

No 2004/349, IMF Staff Country Reports from International Monetary Fund

Abstract: The Selected Issues paper analyzes how fast Ireland will grow in the future. The approach of this paper is to consider the catch-up in labor utilization productivity and use independent demographic projections and other considerations to make reasonable assumptions about labor productivity and utilization growth in the future. It uses a simple growth-accounting framework, and discusses the trends in labor utilization and productivity per hour in the past. The paper also describes the spectacular boom of the Irish housing market and its key drivers from an international perspective.

Keywords: ISCR; CR; Ireland; house price; pay; productivity growth; normalized unit labor costs; losses vis-à-vis; price level; Housing prices; Housing; Labor productivity; Wages; Productivity; Europe; Global (search for similar items in EconPapers)
Pages: 60
Date: 2004-11-04
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Citations: View citations in EconPapers (4)

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