Link to the University of Pittsburgh
Link to the University Library SystemContact us link
AEI Banner

AN EXPENDITURE ESTIMATE OF IRISH GDP (AT MARKET PRICES) IN 1907. ESRI Working Paper No. 64, October 1995

Bielenberg, Andy and O'Mahony, Patrick (1995) AN EXPENDITURE ESTIMATE OF IRISH GDP (AT MARKET PRICES) IN 1907. ESRI Working Paper No. 64, October 1995. [Working Paper]

[img] PDF - Published Version
Download (1388Kb)

    Abstract

    This article fundamentally challenges the notion that Ireland was a peripheral or underdeveloped economy relative to other European economies at the beginning of this century. Through an empirical investigation of consumer expenditure in Ireland in 1907, a new estimate of Irish GDP has been generated which is compatible with Feinstein's consumer expenditure estimates for the UK. From this it is possible to estimate Ireland's GDP per capita in 1907, and compare Ireland's relative level of per capita income to that of the UK; it is then possible to place Ireland in Maddison's league table for a number of advanced capitalist economies. This clearly places Ireland among the more advanced economies in the world. The article concludes that Ireland's improving relative position between 1850 and 1907 was achieved by favourable trade conditions and a growth in trade, a growth in productivity, an a-typical fall in population, and wage convergence with the UK and the USA. The conclusion suggests that free trade and Ireland's close trading relationship with the UK, had brought significant benefits to the Irish economy between.1850 and 1907.

    Export/Citation:EndNote | BibTeX | Dublin Core | ASCII (Chicago style) | HTML Citation | OpenURL
    Social Networking:
    Item Type: Working Paper
    Subjects for non-EU documents: Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs > general
    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: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 15 Nov 2019 14:41
    Number of Pages: 28
    Last Modified: 15 Nov 2019 14:41
    URI: http://aei.pitt.edu/id/eprint/99208

    Actions (login required)

    View Item

    Document Downloads