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Posts in the "Investment" category

Assessing the impact of Budget 2014

Posted on October 15, 2013 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

An economist was once asked to assess the impacts of the French Revolution of 1789 to which she replied 'it is too early to say yet'. Budget 2014 may very well fall into this category.  In some ways like an impressionist painting in the Art Gallery the viewer has to stand back and ponder it all. Much detail, many tax cuts for businesses, lots of nasty cuts for some and universal cuts for those who are sick, elderly or young unemployed.  How do we assess the likely employment, output and public finance impacts of this Budget?

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Permanent link | Categories: Government SpendingInvestmentTaxation

Northern Ireland economy

Posted on September 11, 2013 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

The annual Northern Ireland Economic Conference took place yesterday in Belfast. Typically it is one of the main annual events in Northern Ireland where senior policy makers, academics and business interests gather to debate and consider the major economic issues confronting us. While the balance of speakers and input left much to be desired the Conference provides participants with an opportunity to access information and policy debates.

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Permanent link | Categories: InvestmentJobsNorthern Ireland

A welcome (if modest) increase in employment

Posted on September 02, 2013 by Tom Healy

Tmp Jobs

The publication, recently, by the Central Statistics Office of results from their Quarterly National Household Survey for the year to June 2013 has provided a welcome respite to the generally negative employment news since the beginning of 2008. Employment is now increasing across most sectors and occupations, both in full-time and in part-time employments. Notwithstanding very disappointing results for GDP in the first quarter of this year (see NERI Quarterly Economic Observer of Summer 2013) an increase in employment is welcome. In summary, the number of jobs is up by 34,000 in the year to June 2013, the numbers unemployed (as measured by ILO definitions) is down 22,000 while the numbers in the workforce (including the unemployed) is up by 16,000). The total estimated population is up slightly. Could this be the turning point? Could the austerity zealots be right after all?Doubtfully. A number of factors weigh on the Irish economies, North and South:

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Permanent link | Categories: Government SpendingInvestmentJobsMacroeconomics

We need a change of course and we need it now

Posted on June 27, 2013 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI


While caution is always advisable in examining the latest quarterly data, the release by the Central Statistics Office of the latest quarterly national accounts was something of a wake-up call to those eager for news of a recovery. The Republic of Ireland is in a deep stagnation. The downturn has lasted longer than any period of recession since the 1950s, here. A further contraction in personal consumption and investment in the first quarter of this year confirms a downward trend apparent in the second half of last year. This is disappointing but hardly surprising given the impact of austerity abroad and at home.

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Permanent link | Categories: Government SpendingInequalityInvestmentMacroeconomicsTaxation

Investment is still the key

Posted on June 10, 2013 by Tom Healy

Tom Healy, Director NERI - Tom Healy, Director NERI
Tom Healy, Director NERI

Unemployment is the biggest single problem confronting Europe today. Ireland is no exception. With one in seven out of work, here, and one in four young people either out of work or not in education or training currently we are faced with a huge challenge. President Michael D. Higgins is correct to draw attention to the challenge that this problem poses to the future of European cooperation and social stability.

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Permanent link | Categories: Government SpendingInvestmentJobsMacroeconomics

Investing in our Children

Posted on March 05, 2013 by Micheál Collins

Children are central to the long-term success of our society and economy; of course they are a lot more than that. However, taking the narrow focus of economic policy and long-term investments, all the evidence points towards the merit of investing in high quality professionally provided education and care for our children.


When it comes to the model we should adopt, a number of Scandinavian countries lead the way. They provide comprehensive systems of maternity, paternity and parental leave; high quality state supported childcare and a comprehensive after-school system. This model was explored at an event this week organised by Barnardos, The National Women's Council, OPEN and Start Strong.

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Permanent link | Categories: InequalityInvestment

Conference highlights Ireland’s Unemployment Crisis

Posted on November 13, 2012 by Micheál Collins

On November 12th the NERI hosted a conference focused on Ireland's unemployment crisis. Over a series of papers the nature of the current crisis and the possible solutions to the problem were examined. The papers and presentations for the conference are now available on the NERI website.


In my own paper, the following were the key points:


Overall Summary

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Permanent link | Categories: Government SpendingIncomeInvestmentJobsMacroeconomics

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