In Irish manufacturing, the foreign sector accounts for about one half of employment and some 60 per cent of gross output. The Irish experience therefore provides us with a textbook case study of the effects on an EU host economy of export-oriented FDI. We explore in this paper the structural...

There are a number of factors that are generally agreed to have a role to play in the story of Ireland's recent success. These include the long-term consequences of the fiscal stabilisation of the late 1980s, the European Structural Funds, the increased educational attainment of the workforce,...

Empirical research on interest rate linkages within the European Monetary System (EMS) has concentrated on the concepts of asymmetry and German dominance. Asymmetry is usually taken to mean that German monetary policy is invariant to shocks in other EMS economies while dominance implies that the...

This paper presents a small-open-economy model calibrated to Irish data. The model can be used for many purposes. It is applied here to the EMU debate. I comes close to replicating the employment eeffects of sterling weakness reported in the recent ESRI study.

The processes that will drive the next stage of the Czech transition are likely to be similar to those promoting real convergence in the Eu cohesion countries. We draw on previous modelling research on the cohesion economies to construct and calibrate a small macrosectoral model of the Czech...

De Grauwe follows McKinnon in arguing that "for a very open economy the exchange rate is a particularly ineffective instrument." Since most countries are becoming more open this suggests that the exchange rate instrument is declining in importance. We identify a set of circumstances under which...

In this paper we look at one aspect of the growth trade relations as between the EU and the CEEC states, which reflects the pattern of trade. We argue that there is some evidence to support the proposition that a facet of this development reflects the different regulatory regimes in eastern...

This paper analyses the potential of discriminatory EU enlargement to influence these trade flows. In particular, we present evidence to suggest that enlargement to include some, but not all, of the CEEC's may have a greater potential for trade diversion with production in the new member states...

This paper studies the impact of economic and monetary union on the cohesion process, and specifically on the four cohesion countries - Greece, Spain, Portugal and Ireland. Trade integration, or economic union, is judged likely to promote cohesion. Monetary union has more ambiguous effects. The...

This paper is primarily concerned with the effects of cheap grain on European wages, profits and rents. it brings a quantitative focus to bear on the question, just as Knick Harley (1978, 1980, 1986) and others have examined the quantitative implications of the grain invasion for the new world....