The Irish Economy
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The Irish Economy delivers commentary, information, and intelligent discourse about the Irish economy. The opinions expressed on the site are personal to the individual contributors. The website personally does not endorse any of the opinions expressed on the site, nor do the employers of the contributors. The site is run on behalf of the Irish Economic Association, whose current President is..
The Irish Economy
4M ago
The 37th Annual Irish Economic Association Conference will take place at the Galway Bay Hotel, Salthill, Galway from Wednesday 8th to Friday 10th May 2024. The keynote speakers are Prof. Costas Meghir, Douglas A. Warner III Professor of Economics at Yale University, and Prof. Lucrezia Reichlin, Professor of Economics at London Business School.
The programme for this year’s conference is now available to view at https://iea2024.exordo.com/programme. Please note that the early pricing window ends on April 19 and all participants are encouraged to register as soon as possible to help with plannin ..read more
The Irish Economy
4M ago
UCD Smurfit School, Blackrock (Theatre N204). Monday, April 8, 4-5.30pm. All welcome ..read more
The Irish Economy
7M ago
There have been recent controversies and scandals in higher education in the United States. Many contributors and readers of this blog have (Irish) university connections.
Is there a discussion needed about the relevance, or not, to Ireland of these issues, which concern the question of free speech, variously interpreted? Probably so, since free speech does not defend itself, our history is hardly one of free speech, and our new (so-called) hate speech law is an undeniable, and indeed intentional, diminution of free speech. In Ireland, as elsewhere, diversity and inclusion policies do not seem ..read more
The Irish Economy
7M ago
The 37th Annual Irish Economic Association Conference is being organised by the Discipline of Economics, University of Galway and will be held at the Galway Bay Hotel, Salthill, Galway on Thursday 9th and Friday 10th May 2024. The keynote speakers are Prof. Costas Meghir, Douglas A. Warner III Professor of Economics at Yale University, and Prof. Lucrezia Reichlin, Professor of Economics at London Business School.
Three types of submissions to the conference are invited:
1) Full presentations: These are 25 minutes in length and require the submission of a full paper by the person who intends to ..read more
The Irish Economy
7M ago
On behalf of the Economics Department in Maynooth University.
We are greatly saddened by the news that our colleague in Maynooth’s Economics Department, Donal O’Neill, has died after a short illness. He was just 56.
Donal was a first-rate economist and published in many top journals, including the Journal of Political Economy, the Economic Journal, the Journal of Labor Economics and the Journal of Human Resources. He was an excellent, innovative teacher and a wonderful colleague. Donal’s main research fields were labour economics and inequality, but he also had a considerable interest in ..read more
The Irish Economy
1y ago
I will be giving a talk based on this small segment of my new book as part of the Dublin Festival of History this coming Wednesday evening (October 4) at Pearse Street Library from 6pm-6.50pm. Admission is free. No booking required. Places allocated on a first-come first-served basis.
Further details available at:
Dublin Industry at EEC Accession: The Leading Firms and Factories – Dublin Festival of History ..read more
The Irish Economy
1y ago
My book on industry & policy from the establishment of the Irish Free State in 1922 to the eve of Ireland’s accession to the EEC in 1973 will be published by Oxford University Press within the next few weeks. Among other things it identifies the largest manufacturing employers in the Free State area in the decades prior to 1922 and in the late 1920s, the late 1940s and at other key points through to 1972. By the time of EEC accession foreign-owned firms accounted for almost one-third of manufacturing employment. Though Ireland had been targeting export-oriented foreign multinationals since ..read more
The Irish Economy
1y ago
Last time, we looked at the production value in Ireland’s national accounts. Between market and non-market output this is estimated to have been €790 billion in 2021. This represents a lot of activity but, just like turnover, there is also a lot of double counting in production value. The classic textbook example is the loaf of bread where the aggregate production value is the sum of the output of the farmer who grows the wheat, the miller who makes the flour, the baker who makes the bread and the retailer who sells it. Adding up aggregate value of their production does ..read more
The Irish Economy
1y ago
In aggregate terms, Ireland’s national income in 2021 was around €230 billion (using modified Gross National Income, GNI*). This comes from an economy where the aggregate turnover is probably around €1 trillion. There is a lot of money flowing around but as is often quoted but rarely attributed: “turnover is vanity, profit is sanity and cash is reality.”
The table shows a progression from turnover to production value. All bar the top two rows are in line with the latest estimates for 2021 from the CSO. Aggregate figures for turnover and for the cost of goods and services purchased for resale ..read more
The Irish Economy
2y ago
The Irish Fiscal Advisory Council is launching some new research and a new database of the Irish public finances since the foundation of the State.
It is organising a webinar exploring some of the key tax and spending trends over the past century with Professor Patrick Honohan as a discussant.
The webinar takes place on Thursday 21st April at 10am and you can register by signing up at:
https://us06web.zoom.us/webinar/register/WN_Qga6g2ctRC-v2bgtqEe_uQ
After registering, you will receive a confirmation email containing information about joining the webinar ..read more