How Competitive is Irish Manufacturing?

Economic and Social Review, Vol. 34, No. 2, pp. 173-93, 2003

Posted: 15 Feb 2004

See all articles by Valerie Cerra

Valerie Cerra

International Monetary Fund (IMF)

Jarkko Soikkeli

International Monetary Fund (IMF)

Sweta C. Saxena

Bank for International Settlements (BIS) - Monetary and Economic Department

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Abstract

Ireland experienced significant competitiveness gains in the 1990s on the basis of the standard manufacturing unit labour cost-based measure of the real effective exchange rate. A few sectors mostly dominated by multinational companies have accounted for the bulk of value added in production. Their productivity gains have greatly contributed to Ireland's exceptional growth performance in the 1990s, which has earned it the nickname of Celtic Tiger. However, these sectors represent a disproportionately smaller share of manufacturing employment, and competitiveness in employment-intensive sectors has been much weaker. This paper thus explores Irish competitiveness from the viewpoint of risks to employment.

Keywords: Ireland, competitiveness, unit labor costs, real exchange rate, employment

JEL Classification: F14, F16, E24

Suggested Citation

Cerra, Valerie and Soikkeli, Jarkko and Saxena, Sweta Chaman, How Competitive is Irish Manufacturing?. Economic and Social Review, Vol. 34, No. 2, pp. 173-93, 2003, Available at SSRN: https://ssrn.com/abstract=500606

Valerie Cerra

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States
202-623-8596 (Phone)

Jarkko Soikkeli

International Monetary Fund (IMF)

700 19th Street NW
Washington, DC 20431
United States

Sweta Chaman Saxena (Contact Author)

Bank for International Settlements (BIS) - Monetary and Economic Department ( email )

Centralbahnplatz 2
CH-4002 Basel
Switzerland

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