Now showing 1 - 10 of 23
  • Publication
    The Irish Economy During the Century After Partition
    (University College Dublin. School of Economics, 2021-04) ;
    We provide a centennial overview of the Irish economy in the one hundred years following partition and independence. A comparative perspective allows us to distinguish between those aspects of Irish policies and performance that were unique to the country, and those which mirrored developments elsewhere. While Irish performance was typical in the long run, the country under-performed prior to the mid-1980s and over-performed for the rest of the twentieth century. Real growth after 2000 was slow. The mainly chronological narrative highlights the roles of convergence forces, trade and industrial policy, and monetary and fiscal policy. While the focus is mostly on the south of the island, we also survey the Northern Irish experience during this period.
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    Economic integration and convergence : an historical perspective
    (University College Dublin. School of Economics, 1995-11)
  • Publication
    Irish economic growth, 1945-1988
    (University College Dublin. School of Economics, 1993-10) ;
    The paper reviews the economic performance of the Republic of Ireland since 1945. Its focus is comparative; Ireland's record is assessed against the evidence in OECD and Penn Mark V data sets for a 'convergence club' of European economies, and is found wanting. The comparison confirms that the 1950s were a particularly bleak decade for Ireland but, more surprisingly, Ireland also performed less well than predicted by convergence criteria in both 1960-1973 and 1973-1988. The paper then assesses a range of explanations for this poor performance.
  • Publication
    Measuring protection : a cautionary tale
    (University College Dublin. School of Economics, 1994-11)
    The measurement of protection has been a key stumbling block for economists seeking to establish an empirical link between trade policy and growth. This note comments on a theoretically based index of protection recently developed by Anderson and Neary. The index must be calculated within the context of a specific CGE model; Anderson and Neary have found that the index is robust to changes in the elasticities embedded within their model? The note identifies one historical instance where the index is extremely sensitive to the specification of the model's demand side. There are important methodological lessons to be learnt from this example.
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  • Publication
    Around the European periphery 1870-1913 : globalization, schooling and growth
    (University College Dublin. School of Economics, 1995-12) ;
    On average, the poor European periphery converged on the rich industrial core in the four or five decades prior to the First World War. Some, like the three Scandinavian economies, used industrialization to achieve a spectacular convergence on the leaders, especially in real wages and living standards. Some, like Ireland, seemed to do it without industrialization. Some, like Italy, underwent a less spectacular catch-up, and it was limited to the industrializing North. Some, like Iberia, actually fell back. What accounts for this variety? What role did trade and tariff policy play? What about emigration and capital flows? What about schooling? We offer a tentative assessment of these contending explanations and conclude that globalization was by far the dominant force accounting for convergence (and divergence) around the periphery. Some exploited it well, and some badly.
  • Publication
    The economic impact of the famine in the short and long run
    (University College Dublin. School of Economics, 1993-12)
  • Publication
    Were Heckscher and Olin right? : putting history back into the factor-price equalization
    (University College Dublin. School of Economics, 1992) ;
    Due primarily to transport improvements, commodity prices in Britain and America tended to equalize 1870-1913. This commodity price equalization was not simply manifested by the great New World grain invasion of Europe. Rather, it can be documented for intermediate primary products and manufactures as well. Heckscher and, Ohlin, writing in 1919 and 1924, thought that these events should have contributed to factor price equalization. Based on Williamson's research reported elsewhere, Anglo-American real wages did converge over this period, and it was part of a general convergence between the Old and New World. This paper applies the venerable Heckscher-Ohlin trade model to the late 19th century Anglo-American experience and finds that they were right: at least half of the real wage convergence observed can be assigned to commodity price equalization. Furthermore, these events also had profound influences on relative land and capital scarcities. It appears that this late 19th century episode was the dramatic start of world commodity and factor market integration that is still ongoing today.