Boosting competitiveness to grow out of debt : can Ireland find a way back to its future? /
"This paper investigates the prospects for Ireland to grow its economy against the backdrop of high indebtedness. The paper uses vector autoregressive analysis to explore the interlinkages among competitiveness, exports, economic growth, and fiscal performance. The emerging conclusion is that I...
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| Main Author: | |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
International Monetary Fund,
©2013.
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| Series: | IMF working paper ;
WP/13/35. |
| Subjects: | |
| Online Access: | CONNECT |
Table of Contents:
- Cover; Contents; I. Introduction; II. Debt and Growth: Ireland's Experience and Current Struggle; A. Ireland's Pre-crisis Reforms, Growth, and Public Debt: A Virtuous Cycle; Figures; 1. Ireland: Public Debt in an International Perspective and Interest Burden; 2. Ireland: Reforms, Productivity, and Macroeconomic Performance; B. The crisis and its aftermath: Unearthing the seeds of the severity of the crisis; 3. Ireland: Economic Changes in the Run-up to the Crisis: Seeds of a Severe Crisis; 4. Ireland: FDI Dynamics in the Run-up to the Crisis.
- C. The Post-Crisis Imbalances: a Stumbling Block on Ireland's Way5. Ireland: Competitiveness Indicators Send Mixed Signals; III. Econometric Analysis; A. Data and stylized facts; B. Vector Autoregressive Specification; 6. Ireland: Exports, GDP Growth, and Fiscal performance (1980-2007); C. Exploring the linkages between exports, GDP, and revenue: baseline model; D. Expanded model: what does it reveal?; Tables; 1. Effects of Shocks to the REER measures: Impulse Responses and Forecast Error Variance Decomposition; 7. Ireland: Comparison of IRFs and FEVD from VAR1 and VAR2 models.
- IV. Prospects and ChallengesA. Paving Ireland's Way Back to the Future: the Role of Exports; B. Maintaining Competitiveness: A Must; 2. Ireland: Trading Partners' Demand, the REER, and Economic Outlook-- A Sensitivity Analysis; C. Challenging domestic financing conditions though FDI is a bright spot; V. Conclusion; Reference; Appendix.
