The effect of 1987 Ireland’s Programme for National Recovery on sustainable economic growth: A synthetic control approach

Daniel de Abreu Pereira Uhr, Magnus Kelly de Oliveira Pinheiro, Domingos Joaquim Francisco, Mauricio Felipe Bemfica de Oliveira and Júlia Gallego Ziero Uhr

Economics Letters, 2023, vol. 222, issue C

Abstract: We examine the effect of the 1987 Programme for National Recovery, (PNR) on Ireland’s long-run GDP per capita. To our knowledge, we are the first to show the importance of the program for sustainable economic growth. We employ World Bank data from 1970 to 2018 and the synthetic control approach. Results show that the PNR contributed significantly to increasing Irish GDP per capita with an average effect of 17,374.24 US$. These conclusions remain robust to a placebo test and the Synthetic Difference in Difference approach.

Keywords: GDP per capita; Synthetic control; Ireland; Economic growth (search for similar items in EconPapers)
JEL-codes: O43 O47 O57 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:222:y:2023:i:c:s0165176522004037

DOI: 10.1016/j.econlet.2022.110929

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