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Europe > Ireland

You are looking at 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Industries: Manufacturing x
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Cover IMF Staff Country Reports
Ireland: Selected Issues
International Monetary Fund. European Dept.
This Selected Issues paper provides an international perspective to the authorities’ two recent policy measures: setting up new savings and counter cyclical and climate infrastructure funds and reforming the judicial review of planning decisions in Ireland. The first essay presents international best practices in the design and operation of sovereign wealth funds that could inform the setup of the two new funds in Ireland. It highlights the importance of operating the funds within a strong fiscal policy framework. The second essay reviews Ireland’s planning and permitting system, underscoring the key elements that have hindered public investment. It also looks into the government’s proposed Bill to reform the planning system and contrasts its key features with those of other international jurisdictions. It finds that several issues may contribute to the inefficiencies in the planning and judicial review system, such as the loose standing requirements and lack of mandatory timelines related to judicial review, as well as institutional governance issues within the planning board, which the newly proposed reforms and legislative measures seek to address.
Keywords:
housing affordability; D. policy option; savings fund; modernizing judicial review; impulse response; Housing; Housing prices; Pension spending; Global
Cover IMF Staff Country Reports
Ireland: Selected Issues
International Monetary Fund. European Dept.
This Selected Issues paper provides an overview of income distribution and the welfare system in Ireland, with a focus on the crisis and postcrisis periods. Ireland’s flexible economy and strong social safety net helped mitigate the adverse effects of the property-driven crisis. Although economic conditions are improving rapidly, lifting employment, ongoing efforts are needed to address the lingering impact on those hardest hit, including the long-term unemployed and unemployed youth. Consistent efforts are needed to support sustainable and inclusive growth and meet ambitious social targets, including the reduction of consistent poverty to 2 percent by 2020.
Keywords:
ISCR; CR; Ireland; multinational; IMF staff; household debt; intangible operation; multinational-dominated sector; gross value added; tax-benefit system; Personal income; Disposable income; Income inequality; Income distribution; Global; Europe
Cover IMF Working Papers
Export Performance in Europe: What Do We Know from Supply Links?
Jesmin Rahman
and
Mr. Tianli Zhao
One of the most important recent developments in international trade is the increasing interconnectedness of export production through a vertical trading chain network that streches across many countries, with each country specializing in particular stages of a good’s production. Using value added trade statistics, this paper tries to dissect and reshape understanding of European exports: where exports values are created, the role of vertical supply links in export growth, what is contributing to the growth in supply links, and how comparative advantages of countries are affected by supply links over time. Our analysis finds strong role of supply links in cross-country export performance in Europe, where these links between countries grew based on physical proximity, cost differential and similarity in export structure.
Keywords:
WP; VA export; Vertical Integration; Supply Link; Value Added; Comparative Advantage; export supply network; export orientation; export performance; Exports; Export performance; Manufacturing; Service exports; Europe
Cover IMF Working Papers
How Competitive Is Irish Manufacturing?
Ms. Valerie Cerra
and
Mr. Jarkko Soikkeli
Ireland has had significant competitiveness gains in the 1990s on the basis of the standard manufacturing unit labor cost-based measure of the real effective exchange rate. A handful of sectors mostly dominated by multinational companies have accounted for the bulk of value added in production. Their productivity gains have greatly contributed to Ireland's exceptional growth performance in the 1990s, which has earned it the nickname of "Celtic Tiger." However, these sectors represent a disproportionately smaller share of manufacturing employment, and competitiveness in employment-intensive sectors has been much weaker. This paper thus explores Irish competitiveness from the viewpoint of risks to employment.
Keywords:
WP; industry; exchange rate; gain; Irish ULCs; pharmaceutical industry; Ireland; competitiveness; unit labor costs; real exchange rate; employment; computing machinery industry; NACE industry 24; communication equipment industry; clocks instruments industry; apparatus industry; Manufacturing; Real effective exchange rates; Competition; Labor costs; Global competitiveness; Global
Cover IMF Staff Country Reports
Ireland: Selected Issues
International Monetary Fund
This Selected Issues paper examines the competitiveness of the Irish manufacturing sector. The paper highlights that in 2001, production cuts and accelerating wage growth arrested the trend improvement in external competitiveness, but the level remains high. The paper presents some medium-term fiscal scenarios. It discusses indicators of financial system soundness based on official data and publications, as well as discussions with the authorities. The paper also examines indicators on the vulnerability and solvency of the financial system and presents a brief description of supervision arrangements.
Keywords:
ISCR; CR; Ireland; revenue; industry; exchange rate; yield; spending estimate; revenue projection; clocks instruments industry; tax yield; zero rating; revenue elasticity; competitiveness gain; interest suspense accounts arise; asset ratio; NACE industry 24; computing machinery industry; Fiscal stance; Manufacturing; Average effective tax rate; Global; Australia and New Zealand; Europe