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Irish Public Capital Spending in a Recession. ESRI WP298. May 2009

Morgenroth, Edgar (2009) Irish Public Capital Spending in a Recession. ESRI WP298. May 2009. [Working Paper]

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    Abstract

    In the past the first expenditure to be cut during an economic downturn was capital expenditure. However, the cuts in capital expenditure of the late 1980’s and 90’s had left Ireland with an infrastructure deficit. This note highlights a number of important issues, which should be considered before decisions to spend tax payer’s money to support the construction sector are taken. Overall the paper concludes that in the context of a relatively high cost per job created via public investment, public capital projects should be undertaken on the basis that they have a long-run return to the whole economy.

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    Item Type: Working Paper
    Uncontrolled Keywords: privatisation; regulation; competition; tangible assets; intangible assets; Ireland; intangible state assets; tangible state assets
    Subjects for non-EU documents: Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 24 Jul 2017 11:19
    Number of Pages: 24
    Last Modified: 24 Jul 2017 11:19
    URI: http://aei.pitt.edu/id/eprint/87841

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