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Ireland's medium-term growth prospects
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Ireland's medium-term growth prospects
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Journal Article
Ireland's medium-term growth prospects
2014
Overview
This paper considers Ireland's growth prospects through 2030. Real GDP growth averaging 3 per cent per year is possible but will require a stronger labour productivity growth performance than is currently projected by OECD. Success depends on a favourable external environment and would be jeopardised by a return to the pre-crisis \"bubble economy\" but can be underpinned by exploiting the remaining scope for catch-up growth. \"Appropriate growth theory\" provides a useful lens through which to review Ireland's growth policy and performance as a \"close-to-frontier\" economy and this underlines the importance of further strengthening and rationalising innovation policies. [PUBLICATION ABSTRACT]
