Now showing 1 - 3 of 3
  • Publication
  • Publication
    Labour market performance in the EU periphery : lessons and implications
    (University College Dublin. School of Economics, 1994-03) ; ; ;
    The problems and challenges addressed in the Commission's White Paper on "Growth, Competitiveness, Employment" affects the peripheral member states acutely, and in a way that differs considerably from how the richer, more developed, core members are affected. To set the scene for our reflections on the White Paper, we briefly examine the economic context and the key stylised facts of the four main EU peripheral economies (Greece, Ireland, Portugal and Spain), and question whether much of the existing econometrics research literature presents a useful picture of how policies should be design to address their labour market and competitiveness problems. We then explore the relevance of the White Paper analysis and policy proposals, and deduce that a very different focus is required when moving from the core to the periphery. We conclude with an outline of the types of policy issues that arise in the periphery in assisting its transition to a higher level of development and a more satisfactory and robust labour market performance.
  • Publication
    The demand for beer and spirits in Ireland
    This paper is primarily an attempt to estimate econometric demand equations for beer and spirits in Ireland, but it is hoped that it also sheds light on some of the general considerations involved in empirical demand analysis. The results, taken in conjuction with earlier studies, suggest that certain variables, in addition to price and income, play a significant role in such demand analysis in Ireland. A useful variable in this context is the dependency ration, which measures changes in the age structure of the population. The results also support the thesis that dynamic elements are of considerable importance in demand theory. The most serious technical problem encountered in the study was the high degree of multicollinearity in the explanatory variables. It emerged that some of the conventional rules of thumb normally used for identifying the existence of this problem failed to exercise sufficient discrimination, and this provides a salutary lesson.