 Irish Growth in Historical and Theoretical PerspectiveFrank Barry Chapter 2 in Understanding Ireland’s Economic Growth, 1999, pp 25-44 from Palgrave Macmillan Abstract: Abstract The nature of the Irish economy, and the definition of Ireland’s economic problem, were shaped by a combination of events that occurred in the nineteenth century. One of these was the large-scale emigration that the Great Famine induced. This left as its legacy a willingness and an ability on the part of the population to migrate when economic prospects elsewhere seemed brighter. Ireland henceforth functioned more as a regional economy, whose population expands or contracts as economic conditions dictate, than as a national economy whose population size is determined largely by demographic factors. As Krugman (1997) points out, national productivity determines the well-being of a national economy, regardless of the sectors in which the economy specializes. The size of a regional economy on the other hand is crucially determined by its export base (or more generally by its international competitiveness); if exports collapse, for example, regional income falls, expenditure on non-tradeables declines, and workers emigrate. Keywords: Productivity Growth; Employment Growth; Transfer Price; Open Labour Market; Indigenous Firm (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98505-2_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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