Presentation on theme: "The Belated Irish Success. Introduction "Historiography" of the Tiger The Cartoon Version of Supply and Demand Logarithms and the Labour Market!"— Presentation transcript:
Introduction "Historiography" of the Tiger The Cartoon Version of Supply and Demand Logarithms and the Labour Market!
Possible Answers - 1 Walsh ƒDemography, FDI etc., fiscal reform Ruane, Barry ƒFDI Harmon et al. ƒEducation O'Rourke ƒMechanism of convergence
Possible Answers - 2 McAleese - Openness (EFC and CJH) Lane-Labour share falling Murphy - It never happened! The Fairy Godmother (Godparent) view Giavazzi et. al. EFC - see Bradley & Whelan Honohan & Walsh- The last word Barry – FDI, FDI, FDI, FDI, …..
First order issues: ƒOpenness & EU ƒHuman capital ƒDemography ƒFDI Second order issues: ƒFiscal policy,fiscal reform, deregulation ƒMonetary policy ƒPartnerhip and policy consensus ƒStructural Funds Candidates
Openness Freeing of Trade - FDI ƒAffects demand for labour ƒSee effects in labour market Migration ƒIncreases elasticity of labour supply ƒWider cultural effects Learning from others' experience
Labour Supply Natural Increase Female Participation Migration Human Capital Replacement Rate
Shock the Model Objective: ƒTo see how skilled and unskilled labour markets are affected by different factors Lower FDI, Lower Growth Lower Human Capital ƒEducational Attainment Frozen at 1980 ƒNo migration No Migration