This paper addresses the theoretical fallout from empirical studies published in the 1990s that showed no negative relationship between the introduction of minimum wages and employment. The theoretical developments have proved to be very meagre and this, it is alleged, is due to the unwieldy...

We analyse the long-run and short-run relationship between merchandise export volume and its determinants, foreign income, relative prices and exchange rate variability, using the techniques of cointegration and error correction. The model was estimated for Irish exports and sectoral exports...

In this paper the Johansen model was used to examine the impact of CAP Reform on the structure of farming in the Disadvantaged Areas of Ireland. The model is essentially a policy impact model using an elasticity set. Application of the model requires information on all relevant elasticities of...

This paper looks at the factors determining REPS participation among commonage farmers in the West of Ireland and on the impact REPS has had on participating farmers’ income and on their environmental practices and attitudes. The study reveals that sheep farmers are less likely to join REPS...

This paper questions the alleged superiority of superlative prices indices (like the Fisher index) over more standard base year indices (like the Laspeyre index) as measures of changes in the “cost of living” (COL). The primary basis of our challenge is the “subjective” concept of...

We show that if exchange rate pass-through is incomplete, a country's terms of trade may move in the same or contrary direction to the nominal value of its currency. Moreover, when the degree of pass-through is endogenous, the trade balance must improve it the currency devalues.

In this paper we review the principal changes in Irish agricultural practices since accession to the European Economic Community in 1973 and their impact on the environment. The principal effects of a more specialised and intensive agriculture are increased slight and moderate pollution of...

The objective of this summary is to assess the relative comparative advantage of countries within the European Community in relation to dairying, using the methodology of domestic resource cost. Domestic resource cost measures the opportunity cost of generating a unit of domestic value added....

We analyse the long-run and short-run relationship between merchandise export volume and its determinants, foreign income, relative prices and exchange rate volatility, using the techniques of cointegration and error correction. The model was estimated for Irish exports and sectoral exports SITC...

In this paper we argue that there is scant justification for replacing the traditional fixed-basket Laspeyres price index with so called 'true cost of living indices'. We begin with a discussion of the possible explanations for some empirical results for inflation found for different social...