M. Luisa Ferreira|Patrick Vanhoudt
Catching the Celtic Tiger by Its Tail
abstract article attempts assess major sources behind exceptional irish growth performance 1990s unlike tigers irelands growth due efficiency gains rather capital deepening causes swift growth total factor productivity cannot pinned single factor human capital foreign direct investment social partnership agreements sound budget economic policies since late 1980s eu membership seemed interacted produce highgrowth economy article focuses two mostly quoted catalysts ie fdi human capital provides evidence although crucial enablers irish economic performance neither rapid expansion compulsory education system 1970s 1980s sheer volume fdi inflows explain ireland grown much faster world economies instead argues higher education especially vocationaltechnical stream educational provision sector composition fdi favour hightech industries selfreinforcing factors decisive republics extraordinary boom fearr ln doirn de cheird n ln mla dr handful skill better bagful gold irish proverb