The Irish economy has experienced a decline in productivity growth over the past decade. This has mostly reflected the poor performance of local firms, with the large productivity gap between foreign-owned and local enterprises having widened.
New firm-level analysis undertaken in tandem with the OECD Economic Survey of Ireland 2018 finds that the majority of businesses in Ireland have actually experienced falling productivity since the mid-2000s.
The Irish economy is booming and is expected to continue expanding at healthy rates over the next few years.
Living standards are high in Ireland, with recent improvements underpinned by the strongest post-crisis output recovery in the OECD.
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This country note from Going for Growth 2017 for Ireland identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
The Irish economy is growing strongly, but there is a risk many households will be left behind despite robust growth. High joblessness especially among the low-educated and skill-biased wage differentials have induced high market income inequality, among the highest in the OECD.
The Irish labour market is exceptionally open to international migration flows, thus making labour supply highly responsive to changes in cyclical conditions. Immigration provides the skills that the Irish economy needs.
This paper identifies the labour market impact of the Great Recession on immigrants compared to natives and how this relationship has evolved since the downturn.
The data presented in the latest OECD Economic Survey of Ireland suggest that rather than "brain drain" Ireland exhibits "brains exchange", a large proportion of emigrants and immigrants are well qualified.
TThe economic literature suggests that a revenue-neutral shift of tax revenues from income taxes to property taxes would increase GDP per capita in the medium term. This paper analyses for Ireland the consequences of such a shift in the tax mix.