dc.contributor.author | Barry, Frank | |
dc.date.accessioned | 2011-08-22T15:38:25Z | |
dc.date.available | 2011-08-22T15:38:25Z | |
dc.date.issued | 2009 | |
dc.identifier.citation | Barry, Frank. 'Social partnership, competitiveness and exit from fiscal crisis'. - Economic & Social Review, Vol. 40, no. 1, Spring, 2009, pp. 1?14, Dublin: Economic & Social Research Institute | |
dc.identifier.issn | 0012-9984 | |
dc.identifier.other | JEL E62 | |
dc.identifier.other | JEL J08 | |
dc.identifier.uri | http://hdl.handle.net/2262/58995 | |
dc.description | Paper delivered at the 22nd Annual Conference of the Irish Economic Association,
Westport, Co. Mayo, 25-27 April, 2008 | |
dc.description.abstract | The contribution of social partnership to Ireland?s economic boom remains the subject of controversy. This paper analyses at a theoretical level how a multi-period deal on wages and taxation of the type struck in the late 1980s could enhance competitiveness and facilitate an economy in escaping from fiscal crisis. Such a deal would not be possible in a spot labour market. The high unemployment rates of the late 1980s suggest that the Irish labour market of the time cannot be characterised as a spot labour market, however, and such a deal could be struck under these circumstances. Short-term tax reductions would have worsened the short-term budgetary position and hence would have been politically unacceptable. An agreement entailing a commitment by government to future tax reductions in exchange for current wage moderation on the part of organised labour imparts a supply-side stimulus to the economy and improves the immediate fiscal position. The concluding comments provide a gloomy assessment of whether partnership could play an equivalent role in the current recessionary environment. | en |
dc.language.iso | en | |
dc.publisher | Economic & Social Studies | |
dc.relation.ispartof | Vol.XX, No. XX, Issue, Year | |
dc.source | Economic & Social Review | en |
dc.subject | Social partnership | en |
dc.subject | Competitiveness | en |
dc.subject | Fiscal policy | en |
dc.subject | Ireland | en |
dc.title | Social partnership, competitiveness and exit from fiscal crisis | |
dc.type | Journal Article | |
dc.publisher.place | Dublin | en |