Boosting Competitiveness to Grow Out of Debt-Can Ireland Find a Way Back to Its Future? ePub (Adobe DRM) download by Mwanza Nkusu

Boosting Competitiveness to Grow Out of Debt-Can Ireland Find a Way Back to Its Future?

INTERNATIONAL MONETARY FUND
Publication date: February 2013
ISBN: 9781475521702
Digital Book format: ePub (Adobe DRM)

Buy ePub

List price:
$9.00
Our price:
$6.99

You save: $2.01 (22%)
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 Ireland, which has regained cost competitiveness following the crisis-driven fall in domestic prices, is poised to return to its path of strong exports and economic growth and lower imbalances provided that it maintains competitiveness, though a pickup in external demand is critical. Three main findings underpin this conclusion. First, external demand is an important driver of exports and also the single most important determinant of Ireland's GDP and government revenue. Second, declines in price competitiveness, featured by real effective exchange rate (REER) appreciations, restrain exports and economic growth. Third, exports boost output, which in turn enhances fiscal performance.
Please sign in to review this product.
Devices:
Boosting Competitiveness to Grow Out of Debt-Can Ireland Find a Way Back to Its Future? ePub (Adobe DRM) can be read on any device that can open ePub (Adobe DRM) files.

File Size:
2185 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.