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Blog Archive | January 2017

Innovation Inputs, How does the Republic of Ireland Compare?

Posted on February 01, 2017 by Tom McDonnell

Lego bricks
The Republic of Ireland’s industrial and enterprise strategies will have to evolve in the future to adjust to changing political, economic and technological realities. One constructive step that the Irish government can take to future proof its economy is to renew its focus on innovation policy with a view to building a world class innovation system. Technological change and innovation have …

Posted in: Government SpendingInvestment

Are special purpose vehicles a good idea?

Posted on January 27, 2017 by Tom Healy

Tom Healy, Director NERI
Special Purpose Vehicle (SPV) is a general technical term that covers a multitude. It refers to a wide variety of arrangements whereby a financial entity is established for a ‘special purpose’ as the title suggests.  The National Asset Management Agency is a type of SPV set up to buy distressed assets from bust banks and seek to work off these loans over time and recoup some of the loss for …

Productivity and Innovation are the only things that can drive Long-run Growth

Posted on January 26, 2017 by Tom McDonnell

Puzzle
The world is changing and Ireland’s industrial and enterprise strategies will have to evolve if we wish to thrive in this new reality. One constructive step that the Irish government can take is to renew its focus on innovation policy with a view to building a world class National System of Innovation. Technological change and innovation have long been of fundamental interest to economists …

Posted in: Government SpendingInvestment

Costs and benefits – in hindsight

Posted on January 22, 2017 by Tom Healy

Tom Healy, Director NERI
A saying from Lady Windermere’s Fan by Oscar Wilde has sometimes been applied to economists. It runs as follows: ‘A man who knows the price of everything and the value of nothing.’  Now, the context for the quotation is a question posed by a Cecil Graham: ‘What is a cynic?’ to which a Lord Darlington replies: ‘A man who knows the price of everything and the value of nothing.’ …

Housing: no surprises

Posted on January 12, 2017 by Tom Healy

Tom Healy, Director NERI
  // It is now generally accepted that the Republic of Ireland has a ‘housing crisis’. Though the causes are many and interlinked it would be astonishing to deny the obvious: not enough houses have been built in recent times at the right price in the right places for the right people. Result: escalating homelessness, escalating non-affordability and escalating rents. The housing crisis is …

Challenges for workers in 2017

Posted on January 06, 2017 by Tom Healy

Tom Healy, Director NERI
By now many a new year resolution has been ‘postponed’ until the days get a little longer!  What immediate challenges arise for workers in Ireland in 2017?  These are about the staple bread and butter issues of (i) Wages, (ii) Jobs .......and not forgetting pensions! Wages Wages have been remarkably flat over an eight-year period with the exception of the high-tech sector and certain …

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