NERI Seminar: Fiscal Priorities for Long-Run Growth
Posted on November 20, 2015 by Tom McDonnell
The latest NERI seminar looked at the Irish economy’s recent performance and considered its medium-and-long-term prospects for growth. Over the course of the presentation a range of policy reforms to increase the economy’s long-run potential output were identified and discussed. Dr McDonnell set out the case for increased investment in education and skills, particularly early years learning; to increase investment in the production, diffusion and use of new ideas. He showed how prudent investment in right types infrastructure is associated with long-run increases in productive capacity and argued that were capital markets are not well-functioning there is a strong case for a state investment bank to provide patient long-term finance to support innovative effort and technology diffusion.
Tom McDonnell ‘Fiscal Priorities for Long-Run Growth’ NERI Seminar Series , 18 November 2015, Dublin