Irish macroeconomic performance under different exchange rate regimes
Article Abstract:
The different exchange rate regimes of Ireland have resulted to variations in the country's macroeconomic performances. Ireland has recorded six major changes in exchange rate regimes from 1797 to the present and these changes have translated to different performances. Early exchange rate regimes saw the dependence of the Irish macroeconomy on the United Kingdom (UK) due to financial integration and monetary union. In the 1950's, the reorientation of Irish financial market out of UK materialized and an improvement in output performance was registered. Membership to the European Monetary Union (EMS) in 1979 resulted to a new exchange rate environment for Ireland.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 1997
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Structural change in Ireland: the contribution of sectoral employment distribution to labour productivity convergence between Ireland and the EU: 1970-1990
Article Abstract:
Changes in sectoral employment distribution affects the labour productivity convergence of Ireland and the European Union (EU). A 0.3 percent per annum labor productivity convergence was recorded for the period of 1970-1990, indicating faster productivity growth, as a result of changes in the Irish sectoral employment. This closes in the convergence gap existing between rich member nations of EU and Ireland. Sectoral changes were strongest from 1970-1980 resulting to higher labor productivity convergence but slowed down from 1981 thereon. The intra-sectoral component of employment distribution attributed much in the labor productivity of Ireland.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 1997
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The convergence performance of Ireland among EU countries: 1960 to 1990
Article Abstract:
The convergence performance of Ireland among the 12 European Union (EU) countries from 1960 to 1990 remains to be on the average in terms of living standards, aggregate labor productivity, as well as in the sectoral and manufacturing industry levels. The convergence performance of Ireland is pegged on the lower half of 12 member countries of the EU especially when it comes to living standards and aggregate labor productivity. The low convergence in living standards is being attributed to Ireland's higher gross domestic product (GDP) than its gross national product (GNP) especially during the 1980's.
Publication Name: Journal of Economic Studies
Subject: Economics
ISSN: 0144-3585
Year: 1997
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