Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorFerreira, Luisaen_US
dc.contributor.authorVanhoudt, Patricken_US
dc.description.abstractThe paper attempts to assess the major sources behind the exceptional Irish growth performance in the 1990s. Contrary to other Tigers, Ireland’s growth is due to efficiency gains, rather than capital deepening, but the causes for the swift growth in total factor productivity cannot be pinned down to a single factor. Human capital, foreign direct investment, Social Partnership agreements, sound budget and economic policies since the late 1980s, EU membership, all seemed to have interacted to produce this high-growth economy. This paper focuses on the two mostly quoted catalysts - i.e. FDI and human capital. It provides evidence that - although crucial as enablers for the Irish economic performance - neither the rapid expansion of the compulsory education system in the 1970s and 1980s nor the sheer volume of FDI inflows can by themselves explain why Ireland has grown so much faster than other world economies. Instead, it argues that higher education, especially the vocational/technical slant of educational provision, and the sector composition of FDI in favour of high-tech industries, were self-reinforcing factors and have been decisive for the Republic’s extraordinary boom.en_US
dc.publisher|aEuropean Investment Bank |cLuxembourgen_US
dc.relation.ispartofseries|aEconomic and financial reports / European Investment Bank |x2002/01en_US
dc.titleCatching the Celtic Tiger by its tailen_US
dc.typeWorking Paperen_US

Files in This Item:
666.31 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.