| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Irish Economy Last Updated: Dec 11, 2014 - 3:38 PM


Irish Economy: ESRI says “two-tier recovery” reflects unaddressed problems in boom years
By Michael Hennigan, Finfacts founder and editor
Dec 10, 2014 - 7:02 AM

Email this article
 Printer friendly page

Irish Economy:  A research note published today by the ESRI (Economic and Social Research Institute) suggests that the current “two-tier recovery” merely reflects longstanding problems not addressed during the boom and bubble years.

The note reviews the patterns of economic development across regions in Ireland from 1995 onwards, and examines whether this development has been balanced . The analysis in “Two-Speed Recovery? Spatial Development in Ireland” [pdf], by Dr Edgar Morgenroth, confirms that the recent pattern of economic recovery has not been evenly spread across the regions, but also shows that this pattern is evident at least since the mid-1990s.

The observed patterns of output growth in Ireland mirror what is found in many developed countries, where growth is led by urban areas, in which enterprises and households experience the benefits of 'agglomeration economies' through operating and living in larger centres.

Dr Morgenroth noted that “higher levels of per capita output are recorded particularly in the Dublin and South West regions. Employment has grown more in commuter regions such as the Mid-East, Midland and South East, which suggests that there is some positive spillover into neighbouring regions from the stronger economic performance of Dublin and Cork.”

He continued “This analysis points to significant differences between regions, linked to their economic activities and scale of urban development. Consequently, the size of the largest urban centre (and the associated agglomeration economies) is a key structural indicator of regional performance.

The findings in this paper suggest that policy should aim at increasing the scale of secondary urban centres and facilitating development spillovers into their wider hinterland, without encouraging further sprawl”. In this context, the development of both Limerick and Waterford cities merits particular focus.

The paper says that increasing urban focus of development is also supported by analysis at the small area level. Significant locational preferences for different sectors were found in an analysis of the economic geography of Ireland using 2006 data. Specifically, the more high value-added and high-tech sectors tend to prefer or require urban locations. An update of the analysis using 2011 data reveals that urban areas have increased their share in economic activity by 4.1% overall and in 21 out of 30 sectors since 2006. This suggests that firms in urban locations have fared better during the economic crisis. Urban areas accounted for 72% of all employment in 2011 compared to 68% in 2006.

Remote areas account for just 6.6% of employment in 2011, down from 7.6%, while economically central areas have increased their share of employment from 66.6% to 68.2%.


© Copyright 2011 by Finfacts.com

Top of Page

Irish Economy
Latest Headlines
Finfacts launches new news site
Irish Farmers & Milk Prices: 'Shackles' off in April; Demanding safety-net in August
Irish pension managed funds returns at over 12% year-to-date in 2015
Irish chartered accountants' salary packages surge 13% in 12 months
Irish services PMI fastest rate since late 2006; Official data up only 2.4% in 12 months
Irish Economy: Tax €893m above target in year to July — €653m from corporation tax
Fact and Fiction: Time to review Ireland's economic statistics?
Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
Irish manufacturing PMI strong in July
Irish Economy: Fall in GNP in Q1 2015; GDP rises
Irish Economy 2015: Central Bank lauds strong recovery; Time to start paying down debt
Irish Budget 2016: Ibec demands 20 tax cuts, spending and investment rises
Low pay in Ireland; Lowest social security & corporate taxes in Europe
Ireland vs Greece: Enda Kenny's false claims on growth, taxes and debt
Irish standard of living in 2014 below Euro Area average, Italian level; Prices 5th highest in EU28
Irish goods exports rose a record 30% in April - due to fake tax-related transactions
Mexican tall ship to sail into Dublin on June 17th
Irish industrial production up 20% in first four months of 2015; Construction down 2.6% in first quarter
Irish Economy 2015: ESRI slams return to boom-time pro-cyclical fiscal policy
Irish pension fund returns in average range 1.6% - 1.8% in May 2015
Irish service sector PMI remains strong; Tax avoidance clouds data
Ireland: Official unemployment rate at 9.8% in May; Broad rate at 19% — 440,000 people
Ireland: Fiscal Council warns of dodgy forecasts, no plan; OECD warns of new property bubble
Irish Public Finances: Tax revenue in first five months of 2015 €734m ahead of target
No simple measure of economic progress in Ireland: GDP & GNP defective
Irish manufacturing PMI rises in May; Production up unbelievable 45% in year to March!
ESRI says data volatility hinders Irish economic forecasting; Tax avoidance taboo cause
Ireland at 16 in international competitiveness ranking; US, Singapore and Hong Kong on top
Irish Economy 2015: Sectors to add 200,000 jobs?; Broad jobless rate at 19%
Irish Export Performance: Myths and reality - Ireland is a poor exporter
Irish Economy: 41,300 jobs added in 12 months to Q1 2015 - Construction up 19,600
China-Ireland: Economic relationship on a slow burn
Estonia, Austria, France, Ireland head global alcohol rankings
Irish Exchequer Returns: Tax receipts under target in April but ahead in year
Irish service sector PMI rose in April
Irish manufacturing PMI remained strong in April- includes overseas manufacturing
Irish Live Register + 90,000 activation scheme numbers at 439,000 in April
Ireland: Coalition drops 2018 full-employment target
Ireland Spring Statement: Noonan promises 200,000 net new jobs by 2018
Irish Economy 2015: Retail sales volume up 1.4% in month of March