{"id":6485,"date":"2012-12-14T14:28:46","date_gmt":"2012-12-14T19:28:46","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6485"},"modified":"2021-03-22T22:54:45","modified_gmt":"2021-03-22T22:54:45","slug":"productivity-in-ireland-mark-cassidy","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/14\/productivity-in-ireland-mark-cassidy\/","title":{"rendered":"Productivity: Ireland leads the way"},"content":{"rendered":"

Ireland now leads the United States in labor productivity<\/a> as measured by GDP (converted to USD after adjusting for purchasing power parity) to hours worked by the workforce. Mark Cassidy<\/a> writes on Ireland’s strong productivity growth during the 1990s:<\/p>\n

Strong productivity growth during this period was largely driven by substantial foreign direct investment inflows from the United States and sectoral change in industry \u2014 i.e. a continuing shift of capital and labour from agriculture and relatively low productivity manufacturing towards high-technology sectors including chemicals and ICT sectors \u2014 and was facilitated by macro and micro-economic reforms implemented since the late 1980s, favourable exchange rate and international economic developments, increased European integration and the availability of a young, relatively well-educated workforce.<\/p><\/blockquote>\n

Two factors stand out:<\/p>\n

    \n
  1. Ireland joined the euro-zone on its official launch in January 1999;<\/li>\n
  2. The Irish government is committed to a 12.5% corporate tax regime, among the lowest in Europe.<\/li>\n<\/ol>\n

    Removal of trade barriers and favorable tax rates attracted large investment in high-tech manufacturing, primarily from the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Ireland now leads the United States in labor productivity as measured by GDP (converted to USD after adjusting for purchasing power parity) to hours worked by the workforce. Mark Cassidy writes on Ireland’s strong productivity growth during the 1990s: Strong productivity growth during this period was largely driven by substantial foreign direct investment inflows from … <\/p>\n

    Continue reading “Productivity: Ireland leads the way”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,33],"tags":[1295,1901,2055,2155],"class_list":["post-6485","post","type-post","status-publish","format-standard","hentry","category-economy","category-uk-europe-countries-regions","tag-euro-zone","tag-ireland","tag-labor-productivity","tag-low-corporate-tax-rates"],"yoast_head":"\nProductivity: Ireland leads the way - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Productivity: Ireland leads the way - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Ireland now leads the United States in labor productivity as measured by GDP (converted to USD after adjusting for purchasing power parity) to hours worked by the workforce. 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He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1GB","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":6471,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/14\/labor-productivity-can-be-misleading\/","url_meta":{"origin":6485,"position":0},"title":"Labor productivity can be misleading","author":"Colin Twiggs","date":"December 14, 2012","format":false,"excerpt":"We are frequently bombarded with labor productivity statistics such as output per hour worked and unit labor costs -- normally accompanied by political hand-wringing exhorting us to improve productivity -- but how accurate are these statistics and what do they mean? First let's look at GDP per capita. This should\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10317,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/07\/15\/ray-dalio-the-economic-machine-and-beautiful-deleveraging\/","url_meta":{"origin":6485,"position":1},"title":"Ray Dalio: The Economic Machine and Beautiful Deleveraging","author":"ColinTwiggs","date":"July 15, 2014","format":false,"excerpt":"Ray Dalio, founder of Bridgewater Associates, released a 30 minute video in 2013, explaining his template of the economy and how central banks and government should manage a deleveraging like the Great Recession and its after-effects. http:\/\/youtu.be\/PHe0bXAIuk0 Ray proposes three simple rules to avoid future crises: Don't let debt grow\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/PHe0bXAIuk0\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":14307,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/10\/11\/what-is-the-new-normal-for-u-s-growth\/","url_meta":{"origin":6485,"position":2},"title":"What Is the New Normal for U.S. Growth?","author":"ColinTwiggs","date":"October 11, 2016","format":false,"excerpt":"From John Fernald at the San Francisco Fed: Estimates suggest the new normal for U.S. GDP growth has dropped to between 1\u00bd and 1\u00be%, noticeably slower than the typical postwar pace. The slowdown stems mainly from demographics and educational attainment. As baby boomers retire, employment growth shrinks. And educational attainment\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26334,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/06\/16\/productivity-not-population-key-to-aussie-living-standards-macrobusiness\/","url_meta":{"origin":6485,"position":3},"title":"Productivity not population key to Aussie living standards | Macrobusiness","author":"Colin Twiggs","date":"June 16, 2021","format":false,"excerpt":"From Leith van Onselen at Macrobusiness: Former ALP minister Craig Emerson has penned an article in The AFR calling on the Morrison Government to tackle Australia\u2019s declining productivity growth, which is central to boosting the nation\u2019s living standards: \u201cProductivity growth has contributed 95 per cent of the improvement in Australians\u2019\u2026","rel":"","context":"In "Aussie dollar"","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48306,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/11\/low-growth-and-high-inflation-unless-there-is-a-productivity-miracle\/","url_meta":{"origin":6485,"position":4},"title":"Low growth and high inflation unless there is a productivity miracle","author":"Colin Twiggs","date":"February 11, 2024","format":false,"excerpt":"Excellent Adam Taggart interview with Steen Jakobsen, CIO of Saxo Bank in Copenhagen, where he breaks down the macro issues facing developed economies. https:\/\/youtu.be\/98UFbC8hDNQ The highlights for us are: GDP growth is a functional of two variables: demographics and productivity. Demographics are a headwind as birthrates fall and populations are\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/98UFbC8hDNQ\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6514,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/19\/cutting-taxes-is-a-largely-ineffective-strategy-for-attracting-foreign-investment-europp\/","url_meta":{"origin":6485,"position":5},"title":"Cutting taxes is a largely ineffective strategy for attracting foreign investment | EUROPP","author":"Colin Twiggs","date":"December 19, 2012","format":false,"excerpt":"Aidan Regan writes: The Irish have the second best trade surplus in the eurozone, and productivity per worker is three times higher than Germany..... The truth of this fairy-tale is that US multinational corporations are engaged in transfer pricing. They locate profits in Ireland to take advantage of the low\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6485"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6485\/revisions"}],"predecessor-version":[{"id":24682,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6485\/revisions\/24682"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}