Reassessing Ireland’s economic development through the lens of sustainable development

Sustainability and the measurement of wealth

Luke McGrath, Stephen Hynes and John McHale

European Review of Economic History, 2022, vol. 26, issue 3, 399-422

Abstract: After a century of Irish independence, this study constructs long run Genuine Savings estimates, a leading economic indicator of sustainable development, to reassess Irish economic history from the vantage of sustainable development. The main difference uncovered surrounds the post-1950 period where Ireland failed to achieve economic convergence and was considered an economic failure in growth terms. From a sustainability perspective, Ireland may have been an overachiever during a “great transition” of sustainable development driven by improved institutions and policies. The findings show the value of the sustainable development perspective in shedding new light on a country’s development experience.

Date: 2022
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Working Paper: Reassessing Ireland’s Economic Development through the Lens of Sustainable Development (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ereveh:v:26:y:2022:i:3:p:399-422.

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