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An assessment of Ireland’s export-led growth strategy via foreign direct investment: 1960–1980

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Abstract

An Assessment of Ireland’s Export-Led Growth Strategy via Foreign Direct Investment: 1960-80. - Ireland’s export-led growth strategy using foreign direct investment as a vehicle for industrialization reveals many lessons for newly-industrializing economies in Europe and Asia. Using a relatively simple macroeconomic model of the Irish economy, this study sought to ascertain if government subsidies and grants were a significant locational determinant for foreign direct investment and if foreign direct investment led to the expansion of exports, capital formation, employment, and output. The results show that from 1960-80 Irish exports, output, and manufacturing employment grew, but so did the dependence and vulnerability of the Irish economy.

Zusammenfassung

Eine Bewertung der exportinduzierten Wachstumsstrategie Irlands auf der Basis von ausländischen Direktinvestitionen 1960-80. - Die exportinduzierte Wachstumsstrategie Irlands, die ausländische Direktinvestitionen zur Industrialisierung einsetzte, ist recht lehrreich für Schwellenländer in Europa und Asien. Mit Hilfe eines relativ einfachen makroökonomischen Modells der irischen Wirtschaft versucht der Verfasser zu ermitteln, ob staatliche Subventionen und Beihilfen den Standort der ausländischen Direktinvestitionen wesentlich beeinfluβten und ob diese zu einer Erhöhung von Exporten, Kapitalbildung, Beschäftigung und Produktion führten. Es zeigt sich, daβ von 1960 bis 1980 Ausfuhren, Produktion und gewerbliche Beschäftigung in Irland stiegen, andererseits aber auch die Abhängigkeit der irischen Wirtschaft zunahm.

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  1. Patrick J. O’Sullivan
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O’Sullivan, P.J. An assessment of Ireland’s export-led growth strategy via foreign direct investment: 1960–1980. Weltwirtschaftliches Archiv 129, 139–158 (1993). https://doi.org/10.1007/BF02707491

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