Economic stabilisation, recovery and growth: Ireland 1979-96

Brendan M. Walsh and Anthony J. Leddin

Open Access publications from School of Economics, University College Dublin

Abstract: This article reviews the transformation of the Irish economy since the early 1980s. Credit for the initial stabilisation of the economy is given to the shock therapy of cutting expenditure, favourable exchange rate and other external developments. Possible explanations of the higer rate of growth of output now being achieved include a high level of investment in human capital, improved quality of physical capital formation, and a falling burden of taxation. The contribution of the return to centralised wage bargaining and the role of European Union (EU) assistance are also discussed. The prospects for further economic growth over the medium term are considered to be good.

Keywords: Ireland--Economic conditions--20th century; Economic development--Ireland; Ireland--Economic policy (search for similar items in EconPapers)
Pages: 17 pages
Date: 1997
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Citations: View citations in EconPapers (3)

Published in: Irish Banking Review, (Summer 1997) 1997

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http://hdl.handle.net/10197/1557 Open Access version, 1997 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ucn:oapubs:10197/1557

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