Spillovers to Ireland Daniel Kanda

ISBN: 9781283516921

Published: January 1st 2008

ebook

22 pages


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Spillovers to Ireland  by  Daniel Kanda

Spillovers to Ireland by Daniel Kanda
January 1st 2008 | ebook | PDF, EPUB, FB2, DjVu, audiobook, mp3, ZIP | 22 pages | ISBN: 9781283516921 | 10.61 Mb

This paper discusses Irelands trade and financial linkages with key partner countries, and uses a vector autoregression to examine the impact of shocks to partner country GDP and shocks to Irish competitiveness on Irish GDP. Two main findings areMoreThis paper discusses Irelands trade and financial linkages with key partner countries, and uses a vector autoregression to examine the impact of shocks to partner country GDP and shocks to Irish competitiveness on Irish GDP. Two main findings are that shocks to U.S. GDP have a larger impact on Irish GDP than shocks to the euro area or the U.K.

Also, the share of the variance of Irish GDP explained by shocks to competitiveness rises with the forecast horizon, suggesting that past erosion of competitiveness may yet have a more substantial impact on economic activity.



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