El milagro económico irlandésun ejercicio de contabilidad del crecimiento mediante un modelo en desequilibrio en tiempo continuo

  1. Garcimartín Alférez, Carlos Eugenio 1
  2. Martín Mayoral, Fernando 1
  3. García Martínez, Pilar 1
  4. Rivas Herrero, Luis A. 2
  1. 1 Universidad de Salamanca
    info

    Universidad de Salamanca

    Salamanca, España

    ROR https://ror.org/02f40zc51

  2. 2 Universidad Pontificia de Salamanca
    info

    Universidad Pontificia de Salamanca

    Salamanca, España

    ROR https://ror.org/02jj93564

Journal:
Documentos de trabajo de economía aplicada

ISSN: 1697-4921

Year of publication: 2004

Issue: 1

Pages: 1-26

Type: Article

More publications in: Documentos de trabajo de economía aplicada

Abstract

Less than two decades ago, Ireland was a tired, lagging economy, suffering from double-digit unemployment and stagnating incomes. Today, Ireland's Celtic Tiger economy is one of the fastest growing in the world, overcoming EU per capita income level and boasting a roaring technology industry and productivity levels among the highest in Europe. In this study we present a continuous-time disequilibrium model to explain economic growth in Ireland. In particular, we try to identify the key factors explaining the so-called Irish miracle by connecting tax policy to growth through FDI