OECD economic surveys : Ireland 1996-1997 / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, issuing body.

Series:

OECD Economic Surveys: Ireland

Language:

English

Subjects (All):

Economic history.

Ireland--Economic conditions.

Ireland.

Physical Description:

1 online resource (192 pages)

Edition:

1st ed.

Place of Publication:

Paris, France : OECD Publishing, [1997]

Language Note:

English

Summary:

Assessment and recommendations I. Recent trends and prospects -Growth sustained by favourable supply-side factors... -... as well as by buoyant high-tech exports... -... and rapid growth of domestic demand -As a result, the labour market has improved markedly... -... while inflation remained subdued... -... and the current account surplus fell -Strong growth projected to continue over the medium term II. The setting of macroeconomic policies -Monetary management -Incomes policy -The fiscal stance -Medium-term fiscal implications of the new pay agreement -Overall appraisal III. Implementing the OECD Jobs Strategy -Labour market and employment performance -Policy requirements -Recent policy initiatives -Assessment and scope for further action -IV. The health care system -Main features of the system -The performance and cost of the system -Problems with the current system -Improving the system: reform to date and future strategies List of acronyms Bibliography Statistical annex and structural indicators.

Contents:

Intro

Table of contents

Assessment and recommendations

I. Recent trends and prospects

Figure 1. OUTPUT GROWTH IN AN INTERNATIONAL PERSPECTIVE

Table 1. Demand and output

Growth sustained by favourable supply-side factors...

Figure 2. FOREIGN INVESTMENT: DETERMINING FACTORS

Table 2. Major foreign investments in Ireland

Figure 3. CAPITAL INTENSITY AND TOTAL FACTOR PRODUCTIVITY GROWTH

Box 1. The measurement of national income

Table 3. GNP and real national disposable income

... as well as by buoyant high-tech exports...

Table 4. Exports and imports of goods

Figure 4. EXPORT COMPETITIVENESS AND EXPORT MARKET SHARE

... and rapid growth of domestic demand

Table 5. Prices, wages and profits

Table 6. Recent economic indicators

As a result, the labour market has improved markedly...

Figure 5. EMPLOYMENT GROWTH IN AN INTERNATIONAL COMPARISON

Table 7. Labour market developments

... while inflation remained subdued...

Figure 6. CONSUMER PRICE INFLATION

... and the current account surplus fell

Table 8. The current account of the balance of payments

Strong growth projected to continue over the medium term

Table 9. Short-term projections

Figure 7. MACROECONOMIC PERFORMANCE OVER THE MEDIUM TERM

Figure 8. ELEMENTS DETERMINING LABOUR FORCE GROWTH

II. The setting of macroeconomic policies

Monetary management

In a context of rising asset prices,...

Figure 9. INTEREST RATES AND ASSET PRICES

Table 10. Capital account of the balance of payments

... fast growth of money and credit...

Table 11. Money growth and its counterparts

Table 12. Sectoral distribution of the growth in private sector credit

... provoked a slight rise in interest rates...

... which was reflected in an appreciation of the exchange rate

Figure 10. INTEREST RATE DIFFERENTIALS.

Figure 11. EXCHANGE RATE DEVELOPMENTS

Incomes policy

Table 13. Pay increases under the Partnership 2000 agreement

Table 14. Estimated impact on pay of Partnership 2000 and earlier agreements

The fiscal stance

The 1995 and 1996 budget outcomes

Table 15. Indicators of fiscal stance

Table 16. Budgetary developments

Box 2. Measuring the Irish budget deficit

Table 17. Summary of the 1996 and 1997 Budget changes

The 1997 budget

Medium-term fiscal implications of the new pay agreement

Overall appraisal

Figure 12. PROGRESS IN FISCAL CONSOLIDATION

III. Implementing the OECD Jobs Strategy

Figure 13. KEY DEVELOPMENTS IN THE LABOUR MARKET

Labour market and employment performance

Despite rapid employment growth...

Figure 14. EMPLOYMENT STRUCTURE

Figure 15. EMPLOYMENT BY OCCUPATION

Table 18. Labour force by status

... the unemployment rate remains high

Figure 16. UNEMPLOYMENT BY AGE

Table 19. Characteristics of the unemployed

Table 20. Unemployment and education

Table 21. Unemployment and the rise in educational qualifications

Table 22. Long-term unemployment

Table 23. Unemployment by duration

Box 3. The measurement of unemployment in Ireland

Table 24. Population by principal economic status

Table 25. Unemployment benefit recipients

Moreover, participation rates are low...

Figure 17. LABOUR FORCE PARTICIPATION RATES

... and net emigration has been substantial

Figure 18. INTERNATIONAL MIGRATION

Table 26. Estimated emigration by destination and age

Policy requirements

Box 4. The OECD Jobs Strategy: synopsis of recommendations for Ireland

Enhancing the ability to adjust and adapt

Taxes and transfers

Table 27. Social insurance contributions

Table 28. Income tax and social levies

Figure 19. TOTAL TAX WEDGES.

Table 29. Gross and net unemployment benefit replacement rates

Figure 20. NET REPLACEMENT RATES

Figure 21. UNEMPLOYMENT RATE BY LEVEL OF REPLACEMENT RATE

Figure 22. POVERTY TRAP

Table 30. Child income support in 1995

Flexibility of employment and working time

Table 31. Employment protection legislation

The wage formation system

Table 32. The distribution of earnings in Ireland

Figure 23. THE PROPORTION OF THE LABOUR FORCE EARNING LESS THAN TWO-THIRDS OF MEDIAN PAY

Table 33. The distribution of low pay by age and sex

Figure 24. RELATIVE COST OF LABOUR

Active labour market policies

Table 34. Expenditures on active labour market programmes

Table 35. Active labour market programmes in 1995

Table 36. Employment experience of participants in ALMPs

Increasing the knowledge base, efficiency and innovative activity

Product market competition

Technology and innovation

Fostering entrepreneurship

Upgrading skills and competencies

Table 37. Educational attainment

Recent policy initiatives

Assessment and scope for further action

IV. The health care system

Figure 25. HEALTH EXPENDITURE

Main features of the system

Components and operation

Figure 26. THE SYSTEM OF HEALTH CARE IN IRELAND

Public health care

Table 38. Structure of public health expenditure by programme

Private health care

Funding arrangements

Public health funding

Figure 27. SOURCES OF FUNDING FOR HEALTH EXPENDITURE

Private health funding

Table 39. Age structure of Voluntary Health Insurance customers

International comparison

The performance and cost of the system

Health outcomes

Table 40. Causes of death in Ireland

Figure 28. AVOIDABLE LOSS OF LIFE

Health expenditure growth

Table 41. Evolution of health care spending.

Figure 29. MAIN HEALTH INDICATORS: AN INTERNATIONAL COMPARISON

Figure 30. VOLUME AND RELATIVE PRICE OF HEALTH CARE SPENDING

Figure 31. GROSS NON-CAPITAL HEALTH EXPENDITURE RELATIVE TO GNP

Figure 32. GROWTH OF HEALTH CARE SPENDING BY PROGRAMME

Figure 33. PRIVATE HEALTH EXPENDITURE

Hospital infrastructure and occupation

Table 42. Acute hospital facilities and admissions

Ireland's position in an international perspective

Comparison of public and private facilities

Table 43. Public and private health care resources in public hospitals

Table 44. Public and private care in public hospitals

Problems with the current system

Demand effects

Demographic trends

Waiting lists

Spending on first level medical care

Supply constraints

Controls on service provision and utilisation

Controls on the acquisition of new technology

Control of pay

Management of the hospital system

Medical staff

Summary

Improving the system: reform to date and future strategies

Past policy initiatives

The Commission on Health Funding

Shaping a healthier future

Reform of budget mechanisms to improve efficiency

Future changes

The budgeting system

Restructuring medical training

Competition within the private insurance market

Concluding remarks

List of acronyms

Notes

Bibliography

STATISTICAL ANNEX AND STRUCTURAL INDICATORS

Table A. Selected background statistics

Table B. Expenditure on gross national product, current prices

Table C. Expenditure on gross national product, constant 1990 prices

Table D. Agricultural output and income

Table E. Prices and wages

Table F. Household appropriation account

Table G. General government revenue and spending

Table H. Public sector investment.

Table I. The relationship between the Exchequer Borrowing Requirement and the Maastricht definition of government borrowing

Table J. Public sector balance sheet

Table K. Balance of payments

Table L. Foreign trade and payments

Table M. Foreign trade by commodities

Table M. Foreign trade by commodities (cont.)

Table N. Production structure and performance indicators

Table O. Labour market indicators

BASIC STATISTICS: INTERNATIONAL COMPARISONS

BASIC STATISTICS: INTERNATIONAL COMPARISONS (cont'd)

MAIN SALES OUTLETS OF OECD PUBLICATIONS / PRINCIPAUX POINTS DE VENTE DES PUBLICATIONS DE L'OCDE

BOXES

TABLES

Table 19. Characteristics of the unemployed.

Table 20. Unemployment and education.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-14960-0

OCLC:

1226588032