Discussion paper

DP975 Irish Economic Growth, 1945-88

The paper reviews the economic performance of the Republic of Ireland since 1945. Its focus is comparative: Ireland's record is assessed against the evidence in OECD and Penn Mark V datasets for a `convergence club' of European economies, and is found wanting. The comparison confirms that the 1950s were a particularly bleak decade for Ireland but, more surprisingly, Ireland also performed less well than predicted by convergence criteria in both 1960-73 and 1973-88. The paper then assesses a range of explanations for this poor performance.

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Citation

Ó Gráda, C and K O'Rourke (1994), ‘DP975 Irish Economic Growth, 1945-88‘, CEPR Discussion Paper No. 975. CEPR Press, Paris & London. https://cepr.org/publications/dp975