Sectorally Concentrated? The Irish Economy in European Context

Eoin Flaherty, Sean O'Boyle and Giselle Myles
Additional contact information
Sean O'Boyle: National Treasure Management Agency, Ireland
Giselle Myles: Central Statistics Office, Ireland

No 202503, Working Papers from Geary Institute, University College Dublin

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.

Keywords: network analysis; IO tables; macroeconomic measurement; multinational firms; macroeconomic aspects of international trade; globalisation (search for similar items in EconPapers)
JEL-codes: C45 D57 E01 F23 F4 F62 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2025-01-04
New Economics Papers: this item is included in nep-eec, nep-eur and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ucd:wpaper:202503

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