How Competitive Is Irish Manufacturing?

12 Pages Posted: 2 Feb 2006  

Valerie Cerra

International Monetary Fund (IMF)

Jarkko Soikkeli

International Monetary Fund (IMF)

Multiple version iconThere are 2 versions of this paper

Date Written: September 2002

Abstract

Ireland has had significant competitiveness gains in the 1990s on the basis of the standard manufacturing unit labor cost-based measure of the real effective exchange rate. A handful of 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, How Competitive Is Irish Manufacturing? (September 2002). IMF Working Paper, Vol. , pp. 1-12, 2002. Available at SSRN: https://ssrn.com/abstract=880171

Valerie Cerra (Contact Author)

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

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