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Posts from "Tom Healy"

Tom Healy

Tom Healy is Director of the Nevin Economic Research Institute (NERI). Tom has previously worked in the Economic and Social Research Institute, the Northern Ireland Economic Research Centre, the Organisation for Economic Cooperation and Development, the National Economic and Social Forum and the Department of Education and Skills.

He holds a PhD (economics and sociology) from UCD. His research interests have included the impact of education and social capital on well-being, social vision and economic strategy for the island of Ireland, Education, Housing and Health.

Emigration has taken its toll

Posted on July 03, 2015 by Tom Healy

Tom Healy, Director NERI
Significant progress has been made in reducing the overall rate of unemployment in the Republic of Ireland since 2012 when it peaked at one in seven in  the workforce. Still, the overall rate remains close to one in ten and is double that in the case of persons under the age of 26. As in previous Irish recessions, outward migration has acted as a very significant ‘safety valve’ in …

First principle: Do no harm

Posted on June 27, 2015 by Tom Healy

Tom Healy, Director NERI
On Thursday of this week just as half a million children at primary school begin their summer holidays many thousands of children in families with one parent face a drop in family income - a sharp drop in some cases by as much as €140 per week.  Just at a time when working parents are under severe pressure to find chilcare for their children after school their incomes will be cut sharply. …

Solidarity key to avoiding a European tragedy

Posted on June 18, 2015 by Tom Healy

Tom Healy, Director NERI
Monday 22 June 2015. Krinein is a Greek word which means 'to sift or to separate'.  It gives rise to the word 'crisis'.   Greece has always been at the heart of the European continent. Culturally, linguistically and philosophically ancient Greek civilisation has helped shape who we are as Europeans.  Like so many other countries in Europe, Greece has had a troubled history over the last …

Posted in: Macroeconomics

TTIP in trouble

Posted on June 12, 2015 by Tom Healy

Last week an unprecedented even took place in the European Parliament. Following months of complex negotiation between the European Commission – on behalf of European Union Member States – and the United States of America  a resolution to the Parliament to be discussed and voted upon last Wednesday was postponed and the matter was referred back to the Trade Committee. This concerns the …

Posted in: InequalityInvestmentMacroeconomics

Wages on the rise after 7 years of stagnation.

Posted on June 05, 2015 by Tom Healy

Tom Healy, Director NERI
As data filter through every three months from the Central Statistics Office it is clear that wages are recovering slowly across most sectors of the economy. The adjustment of the labour market over a period of 7 to 8 years since the crash of 2008 is, and will be, the subject of research – did wages fall everywhere? Why did wages increase during the recession in many successful exporting firms? …

All islands economy

Posted on May 29, 2015 by Tom Healy

Tom Healy, Director NERI
The development of closer economic ties between both parts of Ireland has been a feature of growing European integration as well as the establishment of a ‘peace dividend’ following the Good Friday agreement of 1998.  While much research work has been undertaken in relation to cross-border and all-island economic affairs there is a considerable gap in knowledge about the extent and nature of …

From correction to prevention

Posted on May 22, 2015 by Tom Healy

Tom Healy, Director NERI
Employment has increased significantly, in the Republic of Ireland, since 2012. This is very welcome. While the details and scale of the increase has been open to statistical interpretation  it is clear that a recovery in output in most sectors of the economy has spilled over into job creation (See Chart 1 below). Unemployment, as estimated on the basis of the ‘standardised unemployment …

Posted in: JobsWages

Time to re-think enterprise policy

Posted on May 16, 2015 by Tom Healy

Tom Healy, Director NERI
There is a view shared widely, North and South, that (i) the overall contribution of indigenous (or native) enterprises is underdeveloped, (ii) a large-scale reliance on foreign direct investment (especially in the case of the South), while welcome in itself, is not a sustainable long-term strategy, and (iii) something needs to be done about this even if it will take years to see the fruits of a …

Posted in: Government SpendingInvestment

The wealth of nations is not so even

Posted on May 09, 2015 by Tom Healy

Tom Healy, Director NERI
When Adam Smith wrote ‘The Wealth of Nations’ in 1776 wealth consisted mainly of land, housing and other treasures.  While comprehensive data are hard to come by, Thomas Piketty in his book, Capital in the 21 st Century, managed to track the main trends and composition of wealth in a number of large countries such as Britain, France and Germany.  Here in Ireland discussion of wealth has …

Posted in: Inequality

Spring is in the air

Posted on May 03, 2015 by Tom Healy

Tom Healy, Director NERI
The late Robin Williams once declared that spring is nature’s way of saying ‘let’s party’. The arrival of the ‘Spring Economic Statement’ last week had a seasonal dimension to it: a heightened expectation in advance, a very predictable outcome, a dash of hope and sunshine but some lingering chills and showers.  The Statement – although lengthy and accompanied by the normal 60-page …

Posted in: Government SpendingMacroeconomics

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